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KLOTZ v. CONSOLIDATED EDISON CO. OF NEW YORK, INC.

No. 74 Civ. 2911.

386 F.Supp. 577 (1974)

Rose KLOTZ, on behalf of herself and all other stockholders of Consolidated Edison Company of New York, Inc., Plaintiffs, v. CONSOLIDATED EDISON COMPANY OF NEW YORK, INC., et al., Defendants.

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

December 23, 1974.

Attorney(s) appearing for the Case

Howard S. Klotz, New York City, for plaintiffs; Malcolm S. Taub, New York City, of counsel.

Cahill, Gordon & Reindel, New York City, for defendants, Con Ed & Charles F. Luce; William E. Hegarty, Warren H. Colodner, Russell T. Lewis, New York City, of counsel.

Adrian P. Burke, Corp. Counsel, New York City, for defendants; Samuel J. Warms, Robert J. Metzler, II, New York City, of counsel.

Peter H. Schiff, Albany, N. Y., for Public Service Commission of the State of New York; David Schechter, New York City, of counsel.

WHITMAN KNAPP, District Judge.

Plaintiff, the owner of 1000 shares of Consolidated Edison common stock, brings this derivative action against the members of the Public Service Commission of the State of New York (the PSC) and the Finance Administrator of the City of New York to obtain on behalf of Con Edison $1.5 billion in damages and certain declaratory relief with respect to the acts of the defendants. Con Edison and its trustees — most of whom have not...

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