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TWIND ENERGY CORP. v. MAXAXAM CORP.

Civ. No. 89-0132 P.

751 F.Supp. 256 (1990)

TWIND ENERGY CORP., Plaintiff, v. MAXAXAM CORP., George E. Brackett, Thomas A. Murphy and O.J. Rudd, Defendants.

United States District Court, D. Maine.

November 15, 1990.

Attorney(s) appearing for the Case

Lynn Phillips, Dallas, Tex., Sidney S. Thaxter, Curtis, Thaxter, Stevens, Broder & Micoleau, Portland, Me., for Twind Energy Corp.

Edward S. MacColl, Portland, Me., for Maxaxam Corp., George E. Brackett and O.J. Rudd.

Thomas A. Murphy, Marco Island, Fla., pro se.

MEMORANDUM OF DECISION AND ORDER GRANTING DEFENDANTS' MOTION TO DISMISS

GENE CARTER, Chief Judge.

Plaintiff originally brought this action against Maxaxam Corp., the majority shareholder of the stock of Plaintiff, and against former directors and officers of Plaintiff. Plaintiff's First Amended Complaint alleged that Defendants violated various federal securities laws. It also claimed that the individual defendants breached fiduciary duties owed to Plaintiff...

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