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HOOVER v. ALLEN

241 F.Supp. 213 (1965)

Loring R. HOOVER, Somers H. Smith, G. A. Buder, Jr., Frances Lamer, Clare F. Slutzkin, Howard V. Scotland, Howard V. Scotland, Trustee for Howard V. Scotland, Jr., U.D.T. January 1, 1955, M. Jack Breitbart and Mrs. Dorothy Bliss Breitbart, Plaintiffs, v. George E. ALLEN, Willard W. Keith, Hal A. Kroeger, Samuel H. Moerman, James H. Sharp, M. J. Frechie, H. J. Coyle, C. Russell Feldman, Daniel K. Ludwig, National Bulk Carriers, Inc., American Tankers Corp. of Delaware, William K. Warren, the William K. Warren Foundation and American-Hawaiian Steamship Company, Defendants.

United States District Court S. D. New York.

Motion for Reargument Denied June 17, 1965.

Attorney(s) appearing for the Case

Loring R. Hoover, New York City, for plaintiffs.

Hughes, Hubbard, Blair & Reed, New York City, for defendants Willard W. Keith, Samuel H. Moerman, James H. Sharp and Daniel K. Ludwig, Otis Pratt Pearsall and Amalya L. Kearse, New York City, of counsel.

Hill, Betts, Yamaoka, Freehill & Longcope, New York City, for defendant American-Hawaiian Steamship Co., Jay H. Schafrann, New York City, of counsel.

Robert W. Ginnane, Gen. Counsel, Interstate Commerce Commission, Washington, D. C., Clarence William Vandegrift, Washington, D. C., of counsel, amicus curiae.

Philip A. Loomis, Jr., Gen. Counsel, Walter P. North, Assoc. Gen. Counsel, Securities and Exchange Commission, Washington, D. C., Meyer Eisenberg, Sp. Counsel and Allan S. Mostoff, Atty., Washington, D. C., amicus curiae.

HERLANDS, District Judge.

Defendants Keith, Moerman, Sharp, Ludwig and the American-Hawaiian Steamship Company (hereinafter sometimes referred to as the Company), a New Jersey corporation, have moved, pursuant to Rules 56 and 43(e) of the Federal Rules of Civil Procedure, for summary judgment.

This is an action brought by stockholders of the Company both derivatively, in the right of the Company, and representatively, in behalf of themselves and other stockholders...

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