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KIRSCHNER BROS. OIL, INC. v. PANNILL

Civ. A. No. 88-54 (LON).

697 F.Supp. 804 (1988)

KIRSCHNER BROTHERS OIL, INC., on behalf of itself and all others similarly situated, Plaintiff, v. William G. PANNILL, John G. Decker, Bryce N. Middleton, Peter E. Bennett, Gilbert Butler, R. Bradford Malt, Arthur W. Wadman, Venture Lending Associates I, Venture Lending Associates II, Merrill Lynch Interfunding, Inc., Pannill Knitting Company, Incorporated, Bear, Stearns & Co. Inc. and Merrill Lynch Capital Markets, Defendants.

United States District Court, D. Delaware.

October 24, 1988.

Attorney(s) appearing for the Case

William Prickett and Wayne N. Elliott, of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, Del., for plaintiff.

R. Franklin Balotti and Kevin G. Abrams, of Richards, Layton & Finger, Wilmington, Del., for defendants.

OPINION

LONGOBARDI, District Judge.

Kirschner Brothers Oil, Inc. ("Kirschner"), as the representative of a class, has sued Pannill Knitting Co. ("Pannill"), Pannill's directors (Messrs. Pannill, Decker, Middleton, Bennett, Butler, Wadman and Malt), Venture Lending Associates I ("Venture I"), Venture Lending Associates II ("Venture II"), Merrill Lynch Interfunding, Inc. ("Interfunding"), Merrill Lynch Capital Markets ("Merrill Lynch") and Bear, Stearns &...

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