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B.T.Z., INC. v. GROVE

Civ. A. No. 1:CV-92-900.

803 F.Supp. 1019 (1992)

B.T.Z., INC., an Illinois corporation, individually, on Behalf of all others similarly situated, and derivatively on behalf of JLG INDUSTRIES, INC., a Pennsylvania corporation, Plaintiffs, v. John L. GROVE, L. David Black, Charles H. Diller, Jr., Paul K. Shockey, H. Lyle Duffey, J. Robert Fries, E. Mason Hendrickson, James A. Mezera, Lawrence G. Wigbels, Charles O. Wood, and JLG Industries, Inc., a Pennsylvania corporation, Defendants.

United States District Court, M.D. Pennsylvania.

October 13, 1992.

Attorney(s) appearing for the Case

Luther E. Milspaw, Jr., Marvin Beshore, Harrisburg, Pa., David L. Lee, Law Offices of Frederic F. Brace, Jr., Chicago, Ill., for plaintiffs.

John McN. Cramer, Reed, Smith, Shaw & McClay, Harrisburg, Pa., William D. Iverson, W. Andrew Jack, David H. Resnicoff, Covington & Burling, Washington, D.C., for defendants.

MEMORANDUM

CALDWELL, District Judge.

We are now considering defendants' motion to dismiss pursuant to Fed.R.Civ.P. 12(b)(6). We will examine the motion under the well-established standard. Labov v. Lalley, 809 F.2d 220 (3d Cir.1987). Defendant seeks dismissal on various grounds. We will discuss them seriatim.

I. DERIVATIVE ACTION DEMAND REQUIREMENT

A. Adequacy of the Demand

...

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