GLUCK v. AGEMIAN

No. 79 Civ. 81-CSH.

495 F.Supp. 1209 (1980)

Frances GLUCK, Plaintiff, v. Charles A. AGEMIAN, Lawrence B. Buttenweiser, Allen B. Ecker, Jay Emmett, Steven J. Ross, Eugene R. Black, Emanuel Gerard, Salim L. Lewis, Martin D. Payson, David H. Horowitz, Caesar P. Kimmel, Jacob S. Liebowitz, Bess Meyerson, Edward Rosenthal, Andrew J. Frankel, Morton A. Sweig, Paul A. Milstein and Warner Communications, Inc., Defendants.

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

July 16, 1980.


Attorney(s) appearing for the Case

Garwin & Bronzaft, New York City, for plaintiff.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for defendants Agemian, Emmett Ross, Black, Gerard, Lewis, Horowitz, Kimmel, Liebowitz & Rosenthal.

Gold, Farrell & Marks, New York City, for defendant Warner Communications, Inc.

Rosenman, Colin, Freund, Lewis & Cohen, New York City, for defendants Frankel & Sweig.

Proskauer, Rose, Goetz & Mendelsohn, New York City, for defendant Milstein.


MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

This is a shareholder's derivative action brought against individuals comprising the Board of Directors of defendant Warner Communications, Inc., and others, alleging violations of § 10(b) of the Securities Exchange Act of 1934 (the Act), 15 U.S.C. § 78j(b), and Rule 10b-5 promulgated thereunder, and breaches of certain fiduciary duties imposed on corporate directors under state law. Jurisdiction...

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