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HALPERT ENTERPRISES, INC. v. HARRISON

No. 02 Civ. 9501(SHS).

362 F.Supp.2d 426 (2005)

HALPERT ENTERPRISES, INC., derivatively on behalf of nominal defendant J.P. Morgan Chase & Co., Plaintiff, v. William B. HARRISON, Jr., Hans W. Becherer, Riley P. Bechtel, Frank A. Bennack, Jr., Lawrence A. Bossidy, M. Anthony Burns, H. Laurance Fuller, Ellen V. Futter, William H. Gray, III, Helene L. Kaplan, Lee R. Raymond, John R. Stafford, Lloyd D. Ward and Marina v.N. Whitman, Defendants, and J.P. Morgan Chase & Co., a Delaware Corporation, Nominal Defendant.

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

March 28, 2005.

Attorney(s) appearing for the Case

Leigh Laskey, Rifkind, LTD, New York City, for Halpert Enterprises.

Ahuva Genack, Mark E. Segall, J.P. Morgan Chase Legal Dept., New York City, for Defendants.

OPINION & ORDER

STEIN, District Judge.

Halpert Enterprises, Inc. brings this shareholder derivative action against the directors of J.P. Morgan Chase & Co. for alleged breaches of fiduciary duties. Halpert contends that the Board of Directors of J.P. Morgan Chase & Co. engaged in misconduct in connection with that bank's transactions with Enron, the infamous, now-bankrupt, energy corporation. Specifically, plaintiff asserts that defendants...

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