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DeYOUNG v. BEDDOME

Nos. 87 Civ. 3749 (MBM), 87 Civ. 4597 (MBM).

707 F.Supp. 132 (1989)

Allan B. DeYOUNG, Individually and as a Representative of a Class of Persons similarly situated as common shareholders of Dome Petroleum Limited, Plaintiff, v. John M. BEDDOME, James Howard MacDonald, Dome Petroleum Limited, Amoco Canada Petroleum Company, and Amoco Corporation, Defendants. Moise KATZ, Plaintiff, v. John M. BEDDOME, James Howard MacDonald, Amoco Canada Petroleum Company, and Amoco Corporation, Defendants.

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

February 21, 1989.

Attorney(s) appearing for the Case

Curtis V. Trinko, Law Offices of Curtis V. Trinko, New York City, for plaintiff DeYoung.

Robert I. Harwood, Goodkind, Wechsler, Labaton & Rudoff, New York City, for plaintiff Katz.

Mark Van Norman, Mayer, Brown & Platt, New York City, Franklin P. Auwarter, Daniel Harris, Michele Odorizzi, John M. Satalic, Mayer, Brown & Platt, Chicago, Ill., for defendants Beddome, McDonald & Dome.

Richard R. Lutz, Townley & Updike, New York City, William R. Jentes, Jean Reed Haynes, Patrick J. Ahern, Kirkland & Ellis, Chicago, Ill., for defendants Amoco Canada & Amoco.

OPINION AND ORDER

MUKASEY, District Judge.

Defendants in these actions are participants in a proposed transaction whereby Amoco Canada Petroleum Company ("AC"), a Canadian subsidiary of Amoco Corporation ("Amoco"), which is an Indiana entity headquartered in Chicago, proposes to buy Dome Petroleum Limited ("Dome"), a Canadian producer of oil and natural gas. The individual defendants, Beddome and MacDonald, are officers and directors of Dome.

Plaintiffs...

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