RYAN v. AETNA LIFE INS. CO.

No. 90 Civ. 2656 (PKL).

765 F.Supp. 133 (1991)

J. Richard RYAN, on behalf of himself and others similarly situated, and in the right of VHA Enterprises, Inc., Plaintiff, v. AETNA LIFE INSURANCE CO., Voluntary Hospitals of America Inc., Alan J. Chamison, Jack M. Cook, Robert L. Harris, Emmett R. Johnson, Robert W. O'Leary, Eugene L. Step, James K. Elrod, Robert V. Hansberger, Edmund F. Kelly, Charles C. Lindstrom, E. George Middleton, Jr., Michael D. Stephens, Charles T. Bell, J. Robert Buchanan, Robert M. Harrell, Samuel T. Wallace, Sheldon S. King, C. Thomas Smith, Gordon M. Sprenger, James F. Vickery, and VHA Enterprises, Inc., Defendants.

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

May 31, 1991.


Attorney(s) appearing for the Case

Davis, Markel & Edwards, New York City (John A. Redmon, of counsel), for plaintiff.

Cahill Gordon & Reindel, New York City (Laurence A. Silverman, of counsel), Gardner, Carton & Douglas, Chicago, Ill., for VHA Enterprises, Inc., and all individual defendants except Edmund F. Kelly and Charles T. Bell.

Willkie Farr & Gallagher, New York City (Steven Greiner, of counsel), for Voluntary Hospitals of America, Inc.

Pepper, Hamilton & Scheetz, Philadelphia, Pa. (John G. Harkins, of counsel), Kornstein Veisz & Wexler, New York City, for Aetna Life Ins. Co., Edmund F. Kelly and Charles T. Bell.


ORDER AND OPINION

LEISURE, District Judge.

This case arises from events surrounding the sale of an asset by defendant VHA Enterprises, Inc. ("Enterprises") to defendant Aetna Life Insurance Co. ("Aetna"). Plaintiff J. Richard Ryan ("Ryan"), a minority shareholder, seeks to bring a derivative suit on behalf of Enterprises, and, simultaneously, a class action against Enterprises and other defendants. Defendants now move the Court for dismissal of plaintiff...

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