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MALDONADO v. FLYNN

No. 77 Civil 3180.

448 F.Supp. 1032 (1978)

William MALDONADO, Plaintiff, v. William H. FLYNN, Sam Israel, Jr., A. G. Gueymard, J. B. Harrison, Ronald C. Lassiter, B. J. Mackin, Michael R. Naess, Eugene F. Shiels, Robert B. Wall and Zapata Corporation, Defendants.

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

March 16, 1978.

Attorney(s) appearing for the Case

Garwin & Bronzaft, New York City, for plaintiff; Sidney L. Garwin, New York City, of Counsel.

Rogers & Wells, New York City, for defendants Flynn, Israel, Gueymard, Harrison, Lassiter, Mackin, Naess, Shiels and Wall; William R. Glendon, Guy C. Quinlan, Andrew M. Low, New York City, of counsel.

George A. Burrell, P. C., New York City, for defendant Zapata Corp.

OPINION

EDWARD WEINFELD, District Judge.

This is a derivative action on behalf of Zapata Corporation ("Zapata" or the "Corporation") for alleged violations of various provisions of the Securities Exchange Act of 19341 (the "Exchange Act") and of the common law. Jurisdiction is asserted under the Exchange Act,2 diversity of citizenship3 and the principle of pendent jurisdiction...

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