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ESTATE OF SOLER BY AND THROUGH SOLER v. RODRIGUEZ

Civ. No. 93-2631 (JAF).

847 F.Supp. 236 (1994)

ESTATE OF Jaime SOLER, By and Through Ivette Perez Vda. DeSOLER, Marie Ivette Soler Perez, Jaime A. Soler Perez, as well as Antonio Soler Perez, and Dr. Jose A. Badillo, individually and as shareholders acting on behalf of Centro Medico Del Turabo, Inc., and Centro Medico Del Turabo, Inc., Plaintiffs, v. Joaquin RODRIGUEZ, Fernando E. Agrait, Carlos M. Piñeiro, Juan Chaves, Luis Garcia Passalacqua, Dr. Jose J. Vargas Cordero; Universidad De Ciencias Medicas San Juan Bautista, Inc., Defendants, and Centro Medico Del Turabo, Inc., Nominal Defendant.

United States District Court, D. Puerto Rico.

Order on Reconsideration March 25, 1994.

Attorney(s) appearing for the Case

Wallace González-Oliver and Pedro A. Jiménez, Gonzalez Oliver, Correa Calzada, Collazo Salazar, Herrero & Jimenez, San Juan, PR, for plaintiffs.

Jorge Pérez Díaz & Jorge Peirats, Pietrantoni Mendez & Alvarez San Juan, PR, for CMT.

Fernando E. Agrait, defendant appearing pro se.

César R. Miranda, San Juan, PR, for UCMSJB.

Elí B. Arroyo, San Juan, PR, for remaining defendants.

OPINION AND ORDER

FUSTE, District Judge.

Plaintiffs, shareholders of Centro Médico del Turabo, Inc. ("CMT") brought a shareholder derivative suit against three members of the board of directors of CMT, a corporate shareholder of CMT, and CMT's attorney. Plaintiffs allege violations of section 10(b) of the Securities Exchange Act of 1934 and state corporate law, and seek a preliminary injunction to reverse a sale of CMT stock and rescind certain...

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