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IN RE SYMBOL TECHNOLOGIES SECURITIES LITIGATION

Nos. CV 89-3735, CV 90-1318.

762 F.Supp. 510 (1991)

In re SYMBOL TECHNOLOGIES SECURITIES LITIGATION. Toshimi OYE, on Behalf of SYMBOL TECHNOLOGIES, INC., Plaintiffs, v. Jerome SWARTZ, et al., and Symbol Technologies, Inc., Nominal Defendant.

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

April 18, 1991.

Attorney(s) appearing for the Case

Garwin Bronzaft Gerstein & Fisher, Esqs. by Scott W. Fisher, New York City, for plaintiffs.

Dewey Ballantine Bushby Palmer & Wood, by Sanford M. Litvack, New York City, for defendants.

Shereff, Friedman, Hoffman & Goodman, by Richard D. Weinberg, New York City, for nominal defendant Symbol.

MEMORANDUM AND ORDER

WEXLER, District Judge.

Plaintiff Toshimi Oye brings this derivative action on behalf of Symbol Technologies, Inc. ("Symbol Technologies" or "the Corporation") against defendants Jerome Swartz ("Swartz"), Raymond R. Martino ("Martino"), Frederic P. Heiman ("Heiman"), Kenneth M. Schlenker ("Schlenker"), Charles S. Strauch ("Strauch"), Harvey P. Mallement ("Mallement"), Edwin A. Deagle, Jr. ("Deagle"), Saul P. Steinberg ("Steinberg"),...

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