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HALLIGAN v. STANDARD & POOR'S/INTERCAPITAL, INC.

No. 76 C 1411.

434 F.Supp. 1082 (1977)

Joan HALLIGAN, suing derivatively on behalf of all shareholders of Standard & Poor's/Intercapital Income Securities, Inc., Plaintiff, v. STANDARD & POOR'S/INTERCAPITAL, INC., et al., Defendants.

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

July 20, 1977.

Attorney(s) appearing for the Case

Schoengold & Sporn, New York City, for plaintiff by Samuel P. Sporn, New York City.

Sullivan & Cromwell, New York City, for defendants Standard & Poor's/Intercapital, Inc., Standard & Poor's Corp., McGraw-Hill, Inc., Dennis H. Greenwald, Douglas Greenwald, Robert G. Patterson, Charles A. Fiumefreddo, Robert W. Long and Jonathan R. Page by Marvin Schwartz, Robert D. Owen, New York City.

NEAHER, District Judge.

This is a derivative action brought by a shareholder on behalf of Standard & Poor's Intercapital Income Securities, Inc. ("Standard"), a Maryland corporation having its principal office in New York City. Standard is a diversified closed-end investment company registered under the Investment Company Act of 1940 ("Act"), 15 U.S.C. § 80a-1, et seq. Plaintiff claims that Standard has paid excessive fees to its investment adviser...

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