RULING ON DEFENDANTS' MOTION TO DISMISS
BLUMENFELD, Senior District Judge.
This action was originally brought as a derivative suit by shareholders of United Canso Oil & Gas Limited (United Canso) against the corporation, several of its directors, and The Catawba Corporation (Catawba) on June 23, 1977. United Canso is a Nova Scotia corporation engaged in oil and gas exploration and development with its principal offices in Calgary, Alberta, Canada. Catawba...
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