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LASKER v. BURKS

No. 73 Civ. 552 (HFW.)

404 F.Supp. 1172 (1975)

Howard M. LASKER and Irving Goldberg, Plaintiffs, v. Harry G. BURKS, Jr., et al., Defendants.

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

As Amended October 17, 1975.

Attorney(s) appearing for the Case

Aranow, Brodsky, Bohlinger, Benetar & Einhorn, New York City, for plaintiffs.

Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for defendants Burks, Hopkins, Kemmerer, Monroney, Phillips & Wade.

Seward & Kissel, New York City, for defendant Fundamental Investors, Inc.

Pollack & Singer, New York City, for defendants Burr, Chalker, Hutchinson, Haire & Anchor Corp.

MEMORANDUM DECISION AND ORDER

WERKER, District Judge.

This is a shareholders' derivative action brought by two stockholders on behalf of Fundamental Investors, Inc. ("Fundamental" or the "Fund"), a registered investment company under the Investment Company Act of 1940, 15 U.S.C. § 80a-1 et seq. The defendants are the Fund's investment adviser, Anchor Corporation ("Anchor"), a registered investment...

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