Legal Opinion
Rosengarten v. International Telephone & Telegraph Corp.
District Court, S.D. New York
Decided April 12, 1979No. 76 Civ. 1249, 76 Civ. 1271, 76 Civ. 4608 and 76 Civ. 5539PublishedCited by 34 opinions
1Opinion of the Court
LASKER, District Judge.
These four derivative actions, brought by minority stockholders of the International Telephone and Telegraph Corporation (ITT), allege violations of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78a-78kk, breach of fiduciary duty, waste and common law fraud, arising out of “questionable payments” 1 made by employees of ITT, at home and abroad, between 1971 and 1975. 2
The defendants, directors of ITT and Arthur Andersen & Co., ITT’s independent auditor, move for summary judgment under Rule 56, Fed.R.Civ.P., dismissing all the complaints on the ground that the suits…
2Cases cited23 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Ashwander v. Tennessee Valley AuthoritySupreme Court of the United States · 1936
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
18 more not listed; retrieve them via the Exa API.
3Cited by34 opinions
- United States v. American Telephone & Telegraph Co.District Court, District of Columbia · 1983
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- Fed. Sec. L. Rep. P 98,000 Ora E. Gaines v. D. J. Haughton, Lois A. And James Fitzpatrick v. D. J. HaughtonCourt of Appeals for the Ninth Circuit · 1981
- Daniel Cowin v. Charles S. BreslerCourt of Appeals for the D.C. Circuit · 1984
- Sanders v. Thrall Car Manufacturing Co.District Court, S.D. New York · 1983
29 more not listed; retrieve them via the Exa API.