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BEAUMONT v. AMERICAN CAN CO.

No. 82 Civ. 3533(MEL).

621 F.Supp. 484 (1985)

Geoffrey C. BEAUMONT, Stephen A. Kramer, and Adele Slutsky, Plaintiffs, v. AMERICAN CAN COMPANY, Gerald Tsai, Jr., Norman Alexander, Joseph Auerbach, Gilbert Butler, Max Caplan, Frank T. Crohn, Joseph Fafian, Jr., A. Leon Fergenson, Ronald D. Grimm, E. John Rosenwald, William A. Shea, Brian Yeowell, and Stanley R. Zax, Defendants.

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

November 6, 1985.

Attorney(s) appearing for the Case

Dewey, Ballantine, Bushby, Palmer & Wood, New York City (Kenneth H. Holmes, Martha E. Solinger, Junaid H. Chida, of counsel), for defendant American Can Co.

Shea & Gould, New York City (Michael Lesch, Alfred R. Fabricant, of counsel), for the Served Individual Directors-defendants.

Mordecai Rosenfeld, P.C., New York City, and Alton I. Crowell, Newport Beach, Cal., for plaintiff Geoffrey C. Beaumont.

Garwin, Bronzaft & Gerstein, New York City, for plaintiff Stephen A. Kramer; Bruce E. Gerstein, Scott Fisher, on brief.

Kaplan, Kilsheimer & Foley, New York City, and Kohn, Milstein, Cohen & Hausfeld, Washington, D.C., for plaintiff Adele Slutsky.

LASKER, District Judge.

This litigation arises out of the April 8, 1982 merger of Associated Madison Companies, Inc. ("Associated") into AC Financial Services, Inc., a wholly-owned subsidiary of American Can Company ("American Can" or "American"). Before the merger, American Can, a New Jersey corporation, was engaged in a variety of enterprises, including the manufacture of cans and different paper products. Through its "Fingerhut Corporation" unit American Can also...

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