MITCHELL v. REILAND

No. 11 C 1059.

BONNIE MITCHELL and MICHAEL FREIDMAN, derivatively on behalf of nominal defendant BROADWIND ENERGY, INC., Plaintiffs, v. DAVID P. REILAND, J. CAMERON DRECOLL, JAMES M. LINDSTROM, CHARLES H. BEYNON, WILLIAM T. FEJES, JR., TERENCE P. FOX, TONTINE CAPITAL PARTNERS, LP, TONTINE CAPITAL OVERSEAS MASTER FUND, LP, TONTINE PARTNERS, LP, TONTINE OVERSEAS FUND, LTD, and TONTINE 25 OVERSEAS MASTER FUND, LP, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

May 15, 2012.


Attorney(s) appearing for the Case

Bonnie Mitchell, Derivatively on Behalf of Nominal Defendant Broadwind Energy, Inc., Plaintiff, represented by Amelia Susan Newton , Kessler Topaz Meltzer & Check, LLP, Eric L Zagar , Kessler Topaz Meltzer & Check, LLP, Pro Hac Vice, Heidi E. VonderHeide , Kessler Topaz Meltzer & Check, LLP, Justin O. Reliford , Kessler Topaz Meltzer & Check, Llp, Pro Hac Vice, Leigh R. Lasky , Kessler Topaz Meltzer & Check, LLP, Ligaya Hernandez , Kessler Topaz Meltzer & Check, LLP, Pro Hac Vice, Norman Rifkind , Kessler Topaz Meltzer & Check, LLP & Robin Winchester , Kessler Topaz Meltzer & Check, LLP, Pro Hac Vice.

Michael Friedman, Plaintiff, represented by Justin O. Reliford , Kessler Topaz Meltzer & Check, Llp, Pro Hac Vice, Kip Brian Shuman , The Shuman Law Firm, Pro Hac Vice, Rusty Evan Glenn , The Shuman Law Firm, Pro Hac Vice & Norman Rifkind , Lasky & Rifkind, Ltd..

David P. Reiland, Defendant, represented by John M. George , Katten & Temple LLC & Jeffrey R. Tone , KATTEN & TEMPLE LLP.

Charles H Beynon, Defendant, represented by John M. George , Katten & Temple LLC & Jeffrey R. Tone , KATTEN & TEMPLE LLP.

William T Fejes, Jr., Defendant, represented by John M. George , Katten & Temple LLC & Jeffrey R. Tone , KATTEN & TEMPLE LLP.

Terence P Fox, Defendant, represented by John M. George , Katten & Temple LLC & Jeffrey R. Tone , KATTEN & TEMPLE LLP.

James M Lindstrom, Defendant, represented by John M. George , Katten & Temple LLC & Jeffrey R. Tone , KATTEN & TEMPLE LLP.

J. Cameron Drecoll, Defendant, represented by James Dominick Adducci , Adducci, Dorf, Lehner, Mitchell & Blankenship, P.C., Marshall Lee Blankenship , Adducci, Dorf, Lehner, Mitchell & Blankenship, P.C. & Paul E. Lehner , Adducci, Dorf, Lehner, Mitchell & Blankenship, P.C..

Tontine Capital Partners, L.P., Defendant, represented by Gary Stein , Schulte Roth & Zabel Llp, Pro Hac Vice, John Conroy Martin , Law Offices of John C. Martin & Michael G. Cutini , Schulte Roth & Zabel Llp, Pro Hac Vice.

Tontine Capital Overseas Master Fund, L.P., Defendant, represented by Gary Stein , Schulte Roth & Zabel Llp, Pro Hac Vice, John Conroy Martin , Law Offices of John C. Martin & Michael G. Cutini , Schulte Roth & Zabel Llp, Pro Hac Vice.

Tontine Partners, L.P., Defendant, represented by Gary Stein , Schulte Roth & Zabel Llp, Pro Hac Vice, John Conroy Martin , Law Offices of John C. Martin & Michael G. Cutini , Schulte Roth & Zabel Llp, Pro Hac Vice.

Tontine Overseas Fund, Ltd., Defendant, represented by Gary Stein , Schulte Roth & Zabel Llp, Pro Hac Vice, John Conroy Martin , Law Offices of John C. Martin & Michael G. Cutini , Schulte Roth & Zabel Llp, Pro Hac Vice.

Tontine 25 Overseas Master Fund, L.P., Defendant, represented by Gary Stein , Schulte Roth & Zabel Llp, Pro Hac Vice, John Conroy Martin , Law Offices of John C. Martin & Michael G. Cutini , Schulte Roth & Zabel Llp, Pro Hac Vice.

Broadwind Energy, Inc., Nominal Defendants, Defendant, represented by James Wallace Ducayet , Sidley Austin LLP, Brian S. Shull , Sidley Austin LLP, Kristen R Seeger , Sidley Austin LLP & Meredith Jenkins Laval , Sidley Austin LLP.

Jeffrey Hopf, Movant, represented by Francis A Bottini , Chapin Fitzgerald Sullivan & Bottini LLP, Pro Hac Vice & Rowena T. Parma , Edward T. Joyce & Associates P.C..


MEMORANDUM OPINION AND ORDER

ROBERT W. GETTLEMAN, District Judge.

Plaintiffs Bonnie Mitchell and Michael Freidman, derivatively on behalf of nominal defendant Broadwind Energy, Inc. ("Broadwind"), have brought a five count consolidated shareholder derivative action against: Broadwind, defendants Tontine Capital Partners, LP, Tontine Capital Overseas Master Fund, LP, Tontine Partners LP, Tontine Overseas Fund, Ltd. and Tontine 25 Overseas...

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