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WEINTRAUB v. TEXASGULF INC.

No. 81 Civ. 4563 (JES).

564 F.Supp. 1466 (1983)

Monroe J. WEINTRAUB, Plaintiff, v. TEXASGULF INC., et al., Defendants.

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

June 6, 1983.

Attorney(s) appearing for the Case

Otterbourg, Steindler, Houston & Rosen, P.C., New York City, for plaintiff; Richard J. Rubin, Charla R. Bikman, New York City, of counsel.

White & Case, New York City; for defendants Texasgulf Inc., John P. Gallagher and Richard M. Thomson; P.B. Konrad Knake, Margaret Murphy, George Richardson, New York City, of counsel.

Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendants Canada Development Corp., H. Anthony Hampson, and Pierre Cote, New York City, Sheldon Raab, P.C., David E. Weisberg, Irwin Blum, New York City, of counsel.

OPINION AND ORDER

SPRIZZO, District Judge.

Plaintiff, Monroe Weintraub, a holder of Texasgulf, Inc. ("Texasgulf") shares and options, commenced this action pursuant to section 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b) ("Section 10(b)"), and Rule 10b-5, 17 C.F.R. § 240.10b-5 ("Rule 10b-5"),1 against Texasgulf; Richard D. Mollison, its president and chairman of the board ("Mollison"); Canada...

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