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PINNACLE CONSULTANTS, LTD. v. LEUCADIA NAT. CORP.

No. 94 CIV. 3496(SS).

923 F.Supp. 439 (1995)

PINNACLE CONSULTANTS, LTD., on Behalf of SHAREHOLDERS OF LEUCADIA NATIONAL CORPORATION, Plaintiff, v. LEUCADIA NATIONAL CORPORATION, Ian M. Cumming, Joseph S. Steinberg, Paul M. Dougan, Lawrence D. Glaubinger, Melvin L. Hirsch, James E. Jordan, Jr., John W. Jordan II and Jesse Clyde Nichols III, Individually and as Officers and Directors of Leucadia National Corp., Defendants.

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

November 13, 1995.

Attorney(s) appearing for the Case

Tanner Propp & Farber, New York City (Lester J. Tanner, of counsel), for Plaintiff.

Weil, Gotshal & Manges, New York City (Dennis J. Block, of counsel), for Defendants Ian M. Cumming, Joseph S. Steinberg, Paul M. Dougan, Lawrence D. Glaubinger, Melvin L. Hirsch, James E. Jordan, John W. Jordan II and Jesse Clyde Nichols III.

Pavelic & Levites, P.C., New York City (Richard Cashman, of counsel), for Defendant Leucadia National Corporation.

OPINION AND ORDER

SOTOMAYOR, District Judge.

Defendants move to dismiss the Complaint on numerous grounds, including failure to state a claim under Fed.R.Civ.P. 12(b)(6) and lack of subject matter jurisdiction under Fed. R.Civ.P. 12(b)(1). For the reasons discussed below, defendants' motion is GRANTED in part and DENIED in part.

BACKGROUND

For the purposes of this motion, the facts alleged in the...

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