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TBK PARTNERS, LTD. v. WESTERN UNION CORP.

Nos. 80 Civ. 3807(MP), 80 Civ. 7403(MP).

517 F.Supp. 380 (1981)

TBK PARTNERS, LTD. and Julius Garfield, individually, on behalf of shareholders of the Gold and Stock Telegraph Company similarly situated, and derivatively in the right of and for the benefit of the Gold and Stock Telegraph Company, Plaintiffs, v. WESTERN UNION CORPORATION, the Western Union Telegraph Company, the Gold and Stock Telegraph Company, Walter E. Girardin, Calvin E. Darrin and Richard C. Hostetler, Defendants.

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

As Amended June 25, 1981.

Attorney(s) appearing for the Case

Wachtell, Lipton, Rosen & Katz by Herbert M. Wachtell, Theodore N. Mirvis, New York City, for defendants.

Hays, St. John, Abramson & Heilbron by Morris Shilensky, Edward J. Walsh, New York City, for objectors.

Lowey, Dannenberg & Knapp by Burton L. Knapp, New York City, for plaintiffs TBK Partners, Ltd. et al.

Nemser & Nemser by Stanley Nemser, New York City, for plaintiffs Julius Garfield, et al.

OPINION

MILTON POLLACK, District Judge.

The parties to this consolidated class and derivative action have negotiated and submitted to the Court a proposed settlement for approval pursuant to Rules 23(e) and 23.1 Fed.R.Civ.P. Notice by mail and by publication has been given to all interested parties and a hearing has been held on the subject of the settlement's fairness, reasonableness and adequacy. Certain objectors who, in later commenced suits, have asserted...

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