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STERN v. GENERAL ELEC. CO.

No. 86 Civ. 4055 (MJL).

837 F.Supp. 72 (1993)

Henry D. Sedgwick STERN and Walter B. Slocombe, Personal Representatives of the Estate of Philip M. Stern, Plaintiffs, v. GENERAL ELECTRIC COMPANY, John F. Welch, Jr., Lawrence A. Bossidy, Edward E. Hood, Jr., Richard T. Baker, James G. Boswell, II, Silas C. Cathcart, Charles D. Dickey, Jr., Lawrence E. Fouraker, Henry H. Henley, Jr., Henry L. Hillman, Robert E. Mercer, Gertrude G. Michelson, Barbara Scott Preiskel, Lewis T. Preston, Frank H.T. Rhodes, Andrew C. Sigler, and Walter B. Wriston, Defendants.

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

November 16, 1993.

Attorney(s) appearing for the Case

Brown & Seymour by Whitney N. Seymour, Jr., New York City, for plaintiffs.

Davis Polk & Wardwell by Thomas P. Ogden, New York City, for the individual defendants.

E. Scott Gilbert, Fairfield, CT, for Gen. Elec. Co.

OPINION AND ORDER

LOWE, District Judge.

Before the Court are cross-motions by plaintiffs Henry Stern and Walter Slocombe, personal representatives of the estate of Philip Stern ("Plaintiff")1, and by defendants General Electric Company and certain current and former members of its Board of Directors ("Defendants"), for summary judgment pursuant to Fed.R.Civ.P. 56. For the reasons stated below, Plaintiff's motion for summary judgment...

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