ISSEN v. GSC ENTERPRISES, INC.

Nos. 74 C 0346 and 74 C 2215.

508 F.Supp. 1278 (1981)

Phillip ISSEN, on behalf of himself and all others similarly situated, and Derivatively on behalf of GSC Enterprises, Inc., Plaintiffs, v. GSC ENTERPRISES, INC., The Bank of Lincolnwood, Steinway Drug Company, Ford Hopkins Company, Richard Goodman, Samuel Bergman, Egmont Saunderling, Walter Goodman, Erwin Horwitz, Mason Loundy, Raymond Eiden, Edward Gorenstein, Marshall D. Lieb and Haig Pedian, Defendants. Seymour ABRAMS, individually and on behalf of himself and all other persons similarly situated, and Derivatively on behalf of GSC Enterprises, Inc. and the shareholders thereof, Plaintiffs, v. GSC ENTERPRISES, INC., a corporation, The Bank of Lincolnwood, a corporation, Miller, Cooper & Company, a partnership, Richard Goodman, Walter Goodman, Samuel Bergman, Egmont Saunderling, Erwin Horwitz, Mason Loundy, Raymond Eiden, Edward Gorenstein, Marshall D. Lieb, Haig Pedian, Clyde Wm. Engle, Roger L. Weston, Sierra Capital Group, a limited partnership, the Trustees of the Janice L. Engle Children's Trust, Michael D. Coughlin, William N. Weaver, Jr., and Ronald K. Zuckerman, Defendants.

United States District Court, N. D. Illinois, E. D.

January 26, 1981.


Attorney(s) appearing for the Case

Pressman & Hartunian, Chicago, Ill., for plaintiffs.

Harry Young, Bilantic, Neistein, Richman, Hauslinger & Young, Ltd., Charles Pressman, Pressman & Hartunian, Chicago, Ill., for plaintiffs.

Margaret Mazwell, Hubachek, Kelly, Rauch & Kirby, Richard Goodman, pro se, John T. Coleman, Norman J. Barry, Baker & McKenzie, Peterson, Ross, Rall, Barber & Seidel, Jerome Torshen, Torshen, Fortes & Eiger, L.E. Sachnoff, Joel Feldman, Jack L. Block, William N. Weaver, Sachnoff, Schrager, Jones & Weaver, Stephen M. Merrick, Fishman, Merrick & Perlman, Edward A. Gorenstein, Lieb, Pedian, Eiden & Gorenstein, Chicago, Ill., for defendants.


MEMORANDUM OPINION AND ORDER

ASPEN, District Judge:

These cases have a long and complicated history dating back almost seven years since the filing of the original complaints. Presently before the Court is the motion of certain defendants1 to dismiss an amendment to plaintiff Abrams' complaint charging them with various violations of the federal securities laws in connection with a "going private" merger accomplished by GSC Enterprises...

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