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BUCHER v. SHUMWAY

No. 76 Civ. 2420 (CHT).

452 F.Supp. 1288 (1978)

Dorothy S. BUCHER, Herbert Klion, as Trustees of Klion Employees' Pension Fund, and Bertha Wechsler, Plaintiffs, v. Forrest N. SHUMWAY et al., Defendants.

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

June 14, 1978.

Attorney(s) appearing for the Case

Golden, Wienshienk & Mandel, New York City, for plaintiffs; Philip Mandel, Ralph Wienshienk, Marc Owen Mandel, Bernard Rothman, Kass, Goodkind, Wechsler & Gerstein, New York City by Stuart D. Wechsler, Samuel K. Rosen, Patricia I. Avery, New York City, of counsel.

Debevoise, Plimpton, Lyons & Gates, New York City, for defendant The Signal Companies, Inc., and certain individual named defendants; Samuel E. Gates, Lionel G. Hest, Stephen C. Muther, New York City, of counsel.

Skadden, Arps, Slate, Meagher & Flom, New York City, for defendant Gulf & Western Industries, Inc. and certain individual named defendants; William P. Frank, Jonathan J. Lerner, Shepard Goldfein, Jemera Rone New York City, of counsel.

MEMORANDUM

TENNEY, District Judge.

The plaintiffs are shareholders and former shareholders of The Signal Companies, Inc. ("Signal"), one of the named defendants in this action which alleges violations of federal securities and antitrust laws and breach of fiduciary duty. The case concerns what is commonly referred to as a "friendly" tender offer for a certain number of the outstanding shares of Signal; more properly the reference to the tender offer should...

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