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SHAMROCK ASSOCIATES v. MORAGA CORP.

Civ. A. No. 82-164.

557 F.Supp. 198 (1983)

SHAMROCK ASSOCIATES, a limited partnership, by and through its General Partners, Myron S. Gelbach, David B. Blanchard, and Natalie I. Koether, on behalf of itself and all others similarly situated, Plaintiff, v. MORAGA CORPORATION, Apex Oil Company, a general partnership, Apex Holding Co., Novelly Oil Company, Inc., Goldstein Oil Company, Inc., Paul A. Novelly, Samuel R. Goldstein, La Mesa Energy Corporation, John P. Castellucci, Defendants.

United States District Court, D. Delaware.

January 27, 1983.

Attorney(s) appearing for the Case

William Prickett and Michael Hanrahan of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, Del., Herbert E. Milstein, Steven J. Toll and Ann C. Yahner of Kohn, Milstein, Cohen & Hausfeld, Washington, D.C., and Harold E. Kohn of Kohn, Savett, Marion & Graf, P.C., Philadelphia, Pa., of counsel, for plaintiff.

Michael D. Goldman and David Baldwin of Potter, Anderson & Corroon, Wilmington, Del., for defendants Apex Oil Co., Apex Holding Co., Novelly Oil Co., Inc., Goldstein Oil Co., Inc., Paul A. Novelly and Samuel R. Goldstein.

David A. Drexler and Thomas John Allingham, II, of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., and Stuart J. Gordon of Baskin & Sears, P.C., Washington, D.C., of counsel, for defendants Moraga Corp., La Mesa Energy Corp. and John P. Castellucci.

MEMORANDUM OPINION

LATCHUM, Chief Judge.

This suit is purportedly brought as a class action by Shamrock Associates ("Shamrock"), a New Jersey limited partnership and minority shareholder in defendant Moraga Corporation ("Moraga"), a Delaware corporation with its principal place of business in California, for damages resulting from alleged violations of Sections 10(b), 14(a) & 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b...

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