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VALENTE v. PEPSICO, INC.

Civ. A. No. 4537.

454 F.Supp. 1228 (1978)

Elizabeth J. VALENTE et al., Plaintiffs, v. PEPSICO, INC., et al., Defendants.

United States District Court, D. Delaware.

July 12, 1978.

Attorney(s) appearing for the Case

Rodman Ward, Jr., and James L. Holzman, of Prickett, Ward, Burt & Sanders, Wilmington, Del., of counsel; Herbert E. Milstein and Glen DeValerio, of Kohn, Milstein & Cohen, Washington, D. C., Harold E. Kohn, of Kohn, Savett, Marion & Graf, Philadelphia, Pa., for plaintiffs.

Richard J. Abrams of Richards, Layton & Finger, Wilmington, Del., for intervening plaintiff, James G. Ryan.

Alfred M. Isaacs of Flanzer & Isaacs, Wilmington, Del., for intervening plaintiffs, George Pope and Andrew Dimitriou.

Hugh L. Corroon of Potter, Anderson & Corroon, Wilmington, Del., for defendants.

OPINION

CALEB M. WRIGHT, Senior District Judge.

This securities class action is presently before the Court on cross-motions for summary judgment. The plaintiffs, minority holders of common shares, warrants, and debentures of Wilson Sporting Goods ("Wilson"), filed the action on December 13, 1972.1 The defendants in the suit are PepsiCo, Inc. ("PepsiCo"), Wilson, and twelve individuals...

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