CALEB M. WRIGHT, Chief Judge.
Plaintiff, a shareholder of National Distillers & Chemical Corporation (Distillers), a Virginia corporation, brought this derivative action against Panhandle Eastern Pipe Line Company (Panhandle), National Helium Corporation (National Helium) and each member of its board of directors, and Distillers and each member of its board of directors for wrongs allegedly committed by Panhandle against Distillers and National Helium.
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