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ABRAMS v. KOETHER

Civ. A. No. 90-3082.

766 F.Supp. 237 (1991)

Burton R. ABRAMS, Richard N. Abrams, Rodney A. Abrams and Brian K. Abrams, Plaintiffs, v. Paul O. KOETHER, Natalie I. Koether, David B. Blanchard, Henry H. Porter, John Galuchie, Jr., Myron Gelbach, Jr., Michael Witte, Lloyd Klatzkin and Shamrock Associates, a Limited Partnership, Defendants, v. TEXAS AMERICAN ENERGY CORPORATION, Nominal Defendant.

United States District Court, D. New Jersey.

May 29, 1991.

Attorney(s) appearing for the Case

Peter L. Masnik, Kalikman and Masnik, Haddonfield, N.J., David Schachman, Sachnoff & Weaver, Ltd., Chicago, Ill., Stanley R. Wolfe, Berger & Montague, P.C., Philadelphia, Pa., and Eldon Ham, Northbrook, Ill., for plaintiffs.

Philip Rosenbach, Rosenbach & Rosenbach, Livingston, N.J., Matthew E. Hoffman, Keck Mahin Cate and Koether, New York City, and James K. Meguerian, Keck, Mahin & Cate, Chicago, Ill., for defendants.

OPINION

LECHNER, District Judge.

This is a shareholder derivative action brought by shareholder plaintiffs Burton R. Abrams, Richard N. Abrams, Rodney A. Abrams and Brian K. Abrams (collectively, the "Plaintiffs") against defendants Paul O. Koether ("P. Koether"), Natalie I. Koether ("N. Koether"), David B. Blanchard ("Blanchard"), Henry H. Porter ("Porter"), John Galuchie, Jr. ("Galuchie"), Myron Gelbach, Jr. ("Gelbach"), Michael Witte ("Witte"), Lloyd...

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