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SIEBERT v. NIVES

No. 5:92-CV-367 (JAC).

871 F.Supp. 110 (1994)

Muriel SIEBERT and Stanley Kleckner, on behalf of themselves and all other shareholders similarly situated v. Fred NIVES, Joseph V. Ciaburri, Michael M. Ciaburri, William B. Laudano, Jr., Gary M. Beach, and Amity Bankcorp, Inc.

United States District Court, D. Connecticut.

October 3, 1994.

Attorney(s) appearing for the Case

Samuel P. Sporn, Schoengold & Sporn, P.C., New York City and Gary MacMillan, Whitman & Ransom, Greenwich, CT, for plaintiffs.

Sharon S. Tisher and Rhoda L. Rudnick, Day, Berry & Howard, Hartford, CT, for defendants Amity Bankcorp Inc., Joseph V. Ciaburri, Michael M. Ciaburri, William B. Laudano, and Gary M. Beach.

Carter LaPrade, Tyler, Cooper & Alcorn, New Haven, CT, for defendant Fred Nives.

RULING ON MOTION TO DISMISS

JOSÉ A. CABRANES, Circuit Judge.*

This action was brought by shareholders of defendant Amity Bankcorp, Inc. ("Amity") to block a stock purchase agreement between the defendant corporation and a third party. Pending before the court is the defendants' motion to dismiss the amended complaint.

BACKGROUND

The parties do not dispute the following facts. Amity is a Connecticut...

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