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ROSENFELD v. BLACK

Nos. 67 Civ. 1428, 67 Civ. 1498, 67 Civ. 1556, 67 Civ. 2016.

319 F.Supp. 891 (1970)

Judah ROSENFELD, as Custodian for Joel B. Rosenfeld, Plaintiff, v. E. R. BLACK et al., Defendants. Hyman SAMINSKY, Plaintiff, v. G. GUND et al., Defendants. Beatrice S. FRANK, Plaintiff, v. LAZARD FRERES & COMPANY et al., Defendants. Jack FARBER, Plaintiff, v. Richard H. MANSFIELD et al., Defendants.

United States District Court, S. D. New York.

October 15, 1970.

Attorney(s) appearing for the Case

Pomerantz, Levy, Haudek & Block, New York City, for plaintiffs; Abraham L. Pomerantz and William E. Haudek, New York City, of counsel.

Paul, Weiss, Goldberg, Rifkind, Wharton & Garrison, New York City, for defendants Lazard Freres & Co., Albert J. Hettinger, Jr. and Richard H. Mansfield; Simon H. Rifkind, Paul J. Newlon, and Mark H. Alcott, New York City, of counsel.

White & Case, New York City, for defendants Dun & Bradstreet, Inc., Moody's Investors Service, Inc. and Moody's Advisors & Distributors, Inc.; Thomas Kiernan, Morton Moskin and P. B. Konrad Knake, Jr., New York City, of counsel.

Sullivan & Cromwell, New York City, for defendant Alan H. Temple; Martin Schwartz, New York City, of counsel.

MANSFIELD, District Judge.

In these consolidated derivative actions by some shareholders of what was formerly The Lazard Fund, Inc. ("Fund" herein), an open-end mutual investment company registered under The Investment Company Act of 1940, 15 U.S.C. § 80a-1 et seq., against its former individual directors, the Fund itself, Dun & Bradstreet, Inc. ("D & B" herein), and others, the defendants — other than Alan H. Temple, Lazard Fund, Inc.,...

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