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VIDES v. AMELIO

No. 02 Civ. 6149CLLS).

265 F.Supp.2d 273 (2003)

Nora VIDES and Ruby Resnik, Plaintiffs, v. Gilbert F. AMELIO, Clarence C. Barksdale, James E. Barnes, August A. Busch III, William P. Clark, Martin K. Eby Jr., Herman E. Gallegos, Jess T. Hay, James A. Henderson, Bobby R. Inman, Charles F. Knight, Lynn M. Martin, John B. McCoy, Mary S. Metz, Toni Rembe, S. Donley Ritchey, Joyce M. Roche, Carlos Slim Helú, Laura D'Andrea Tyson, Patricia P. Upton, Edward E. Whitacre, Jr, and SBC Communications, Inc., Defendants.

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

May 28, 2003.

Attorney(s) appearing for the Case

Ballon Stoll Bader & Nadler, P.C, New York City (A. Arnold Gershon, of counsel), for plaintiffs.

Sullivan & Cromwell, New York City (John L. Warden, Sharon L. Nelles, Michael S. Winograd, of counsel), for defendants.

Opinion and Order

STANTON, District Judge.

Defendants SBC Communications, Inc. ("SBC") and its individual directors move pursuant to Fed.R.Civ.P. 12(b)(6) and 12(b)(1) to dismiss the complaint in this shareholders' derivative action. The complaint asserts a federal claim of distribution of a false and misleading proxy solicitation for SBC's 2002 Annual Meeting, in violation of § 14(a) of the Exchange Act, 15 U.S.C. § 78n(a), and cognate Rule 14a...

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