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STROUGO v. BASSINI

No. 99 CIV. 3579(RWS).

112 F.Supp.2d 355 (2000)

Robert STROUGO, on behalf of the Brazilian Equity Fund, Plaintiff, v. Emilio BASSINI, Richard Watt, Daniel Sigg, Dr. Enrique R. Arzac, James J. Cattano, Peter A. Gordon, George W. Landau, Martin M. Torino and BEA Associates, Defendants and The Brazilian Equity Fund, Inc. Nominal Defendant

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

September 8, 2000.

Attorney(s) appearing for the Case

Wechsler, Harwood, Halebian & Feffer LLP, for Plaintiff, New York, NY, Joel C. Feffer, Jeffrey M. Haber, Of Counsel.

Willkie Farr & Gallagher, for Defendants BEA Associates, Emilio Bassini, Richard Watt and Daniel Sigg, New York, NY, Lawrence O. Kamin, Of Counsel.

Morrison & Forster LLP, for Defendants Dr. Enrique R. Arzac, James J. Cattano Peter A. Gordon, George W. Landau and Martin M. Torino, New York, NY Jack C. Auspitz, Of Counsel.

Paul, Weiss, Rifkind, Wharton & Garrison, for Nominal Defendant The Brazilian Equity Fund, New York, NY, Martin London, Richard A. Rosen, Tracy Anbinder Baron, Of Counsel.

OPINION

SWEET, District Judge.

Nominal defendant The Brazilian Equity Fund, Inc. (the "Fund"), defendants BEA Associates ("BEA"), Emilio Bassini ("Bassini"), Richard Watt ("Watt"), Daniel Sigg ("Sigg") (collectively, the "BEA Defendants"), and defendants Dr. Enrique R. Arzac ("Arzac"), James J. Cattano ("Cattano"), Peter A. Gordon ("Gordon"), George W. Landau ("Landau") and Martin M. Torino ("Torino") (collectively, the "Outside Directors," and together...

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