GRANADA INVESTMENTS, INC., Plaintiffs,
v.
DWG CORPORATION, et al., Defendants.
DWG CORPORATION, By and Through Irving CAMEON, et al., Plaintiffs,
v.
Victor POSNER, et al., Defendants.
Irving G. and Benice BRILLIANT, Trustees, et al., Plaintiffs,
v.
DWG CORPORATION, et al., Defendants.
DWG CORPORATION, et al., Plaintiffs,
v.
GRANADA INVESTMENTS, INC., Defendant.
United States District Court, N.D. Ohio.https://leagle.com/images/logo.png
April 26, 1993.
April 26, 1993.
Attorney(s) appearing for the Case
Frances Floriano Goins, Charles F. Clarke, Alan P. Buchmann, Stacy D. Ballin, Howard Nichols, Squire, Sanders & Dempsey, Cleveland, OH, for Granada Investments, Inc.
Michael J. Pucillo, Greenfield & Chimicles, West Palm Beach, FL, Dennis E. Murray, Jr., Murray & Murray, Sandusky, OH, for Irving Cameon.
Steven S. Kaufman, Gail E. Sindell, Kaufman & Cumberland Co., L.P.A., Cleveland, OH, T.S.L. Perelman, Fort & Schlefer, Washington, DC, for Irving and Benice Brilliant.
Neale M. Albert, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for DWG Acquisition Group, L.P.
Norman S. Jeavons, John P. Witri, Daniel Mascaro, Paul Eyre, Baker & Hostetler, Cleveland, OH, Martin Rosen, Lawrence A. Blatte, Kevin P. Groarke, Rosen & Reade, Irwin H. Warren, Dennis J. Block, Miranda S. Schiller, Weil Gotshal & Manges, New York City, for DWG Corp., Victor Posner, Steven Posner, Melvin R. Colvin, Bernard I. Posner, Russell A. Boyle, Brenda Nestor Castellano, Marco B. Loffredo, Jr., H. Douglas Kingsmore, Martin J. Posner, W.C. Robinson, Patrick O'Neill and T.M. Thompson.
Percy Squire, Michael F. Sullivan, Bricker & Eckler, Columbus, OH, for DWG Corp. Special Committee.
Harold E. Kelley, Ashland, KY, Daniel R. McCarthy, McCarthy Lebit Crystal & Haiman Co., LPA, Cleveland, OH, Richard M. Kerger, Marshall & Melhorn, Toledo, OH, Court-Designated Director of DWG Corporation and member of the DWG Corporation Special Committee.
William L. Pallot, Thomas A. Prendergast, Members of DWG Corp. Special Committee.
Eli Manos, Mansour, Gavin, Gerlack & Manos, Cleveland, OH, for William Pallot, Roger D. Stake and Thomas Prendergast.
United States District Court, N.D. Ohio.
MEMORANDUM OPINION
LAMBROS, Chief Judge.
Corporate governance, the principles of fiduciary responsibility, fiduciary duty and ethical corporate management, are the essence of this case and opinion. This opinion states the rationale for approval and dismissal of the claims in these actions for class, derivative, and declaratory relief and for equitable enforcement of the February 12, 1991 consent decree between Victor Posner, DWG Corporation, and its shareholders...
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