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GENZER v. CUNNINGHAM

Civ. No. 77-71965.

498 F.Supp. 682 (1980)

Benjamin GENZER, Co-executor of the Last Will and Testament of Leo Genzer, deceased, and Charles Heit, Plaintiffs, v. Harry B. CUNNINGHAM, Otto Eckstein, Charles E. Exley, Jr., Martha W. Griffiths, Ray W. MacDonald, James A. McCullough, Paul S. Mirabito, Ben L. Rouse, Alan E. Schwartz, Robert M. Surdam, Clifton R. Wharton, Jr., DuRay E. Stromback, Harry B. Rottiers, Manuel Garcia, Robert J. O'Connell, Charles W. Peace, Jr., Thomas E. Garvale, A. Finley France, Lloyd William Cali, J. Roy Henry, Price Waterhouse & Co. and Burroughs Corporation, Defendants.

United States District Court, E. D. Michigan, S. D.

September 26, 1980.

Attorney(s) appearing for the Case

Elwood S. Simon, Southfield, Mich., Sidney Garwin, New York City, for plaintiffs.

Wolfgang Hoppe, Detroit, Mich., for individual defendants.

Brian Sullivan, Detroit, Mich., for Price Waterhouse.

Donald M. Swan, Detroit, Mich., Edwin J. Wesley, New York City, for Burroughs Corp.

OPINION

GUY, District Judge.

This matter is before the court on defendants' motion to dismiss or for summary judgment in a stockholders' derivative suit brought on behalf of Burroughs Corporation, a Michigan corporation, raising claims under § 14(a) of the Securities and Exchange Act (SEA) of 1934, 15 U.S.C. § 78n(a) and state law.1 Plaintiffs complain that during the period...

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