FISCHER v. CF & I STEEL CORP.

Nos. 82 Civ. 5424(MEL), 82 Civ. 6159(MEL).

599 F.Supp. 340 (1984)

Ethel FISCHER and Herbert Bonime, Plaintiffs, v. CF & I STEEL CORPORATION, Thomas M. Evans, Southern Pacific Company and Southern Pacific Transportation Company, Defendants. Mary MAYER, Plaintiff, v. CF & I STEEL CORPORATION, Thomas M. Evans, Southern Pacific Company and Southern Pacific Transportation Company, Defendants.

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

December 20, 1984.


Attorney(s) appearing for the Case

Lowey, Dannenberg & Knapp, P.C., Wolf, Popper, Ross, Wolf & Jones, Milberg, Weiss, Bershad, Specthrie & Lerach, New York City, for plaintiffs; Henry A. Brachtl, Robert A. Skirnick, Ellen P. Chapnick, Richard M. Meyer, New York City, of counsel.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for defendants Thomas M. Evans and CF & I Steel Corp.; Edward N. Costikyan, Steven E. Landers, Anne Louise Oates, Steven Gey, New York City, of counsel.


LASKER, District Judge.

I.

These shareholder double-derivative suits are brought on behalf of the Southern Pacific Transportation Company ("SPTC"), a subsidiary of the Southern Pacific Company ("Southern Pacific"), a Delaware corporation, against defendant Thomas M. Evans, a former Southern Pacific and SPTC director and the owner of a "substantial interest" in defendant CF & I Steel Corp. ("CF & I"). The shareholder plaintiffs allege that defendants...

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