OPINION
GOETTEL, District Judge:
This is a class action brought by plaintiff John R. Burton on behalf of himself and all other similarly situated holders of $7 Cumulative Second Preferred Stock of the European Gas & Electric Company ("Eurogasco") against Eurogasco, the Exxon Corporation ("Exxon"), R.F. Dilworth, D.G. Gill, and W.W. Stewart. The plaintiff alleges that the defendants breached their fiduciary duties to the Second Preferred stockholders...
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