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NIZIN v. BRIGHT

No. 71-Civ. 3360.

342 F.Supp. 489 (1972)

Leslie S. NIZIN, Plaintiff, v. James R. BRIGHT et al., Defendants.

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

February 7, 1972.

Attorney(s) appearing for the Case

Pomerantz, Levy, Baudek & Block, New York City, for plaintiff; Abraham L. Pomerantz, Stanley M. Grossman, New York City, of counsel.

Rogers, Hoge & Hills, New York City, for defendant Pioneer Fund, Inc.; Sidney P. Howell, Jr., Clendon H. Lee, New York City, of counsel.

Donovan, Leisure, Newton & Irvine, New York City, for defendants Cogan, Carret, Fund Research and Management, Inc., and Pioneering Management Corp.; Daniel R. Murdock, New York City, of counsel.

Valicenti, Leightom, Reid & Pine, New York City, for defendants George F. Mosher and Edwards C. Whitmore; Albert D. Jordan, New York City, of counsel.

MEMORANDUM

CROAKE, District Judge.

This is a shareholder derivative action brought on behalf of Pioneer Fund, Inc. (Fund) against the Fund and its directors as of August 1968, Pioneering Management Corporation (PMC), Fund Research and Management, Inc. (Fund Research), and certain of the officers and directors of PMC and Fund Research who were members of the Board of Directors of the Fund as of August 1968, Western Reserve Holding Corporation (Western Reserve...

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