Legal Opinion
Strougo on Behalf of Brazil Fund, Inc. v. Padegs
District Court, S.D. New York
Decided April 6, 1998No. 96 CIV. 2136 (RWS)PublishedCited by 8 opinions
1Opinion of the Court
OPINION
SWEET, District Judge.
Nominal Defendant The Brazil Fund, Inc. (the “Fund”) has moved to dismiss the shareholder derivative complaint of plaintiff Robert Strougo (“Strougo”) under Rule 12(b)(6), Fed.R.Civ.P., or, in the alternative, for summary judgment pursuant to Rule 56, Fed. R.Civ.P., based upon the determination of a special litigation committee of its Board of Directors (the “SLC”) that the continued prosecution of this action is not in the best interests of the Fund and its shareholders.
For the reasons set forth below, the motions will be adjourned pending further discovery by…
2Cases cited16 opinions
- Burks v. LaskerSupreme Court of the United States · 1979
- Fed. Sec. L. Rep. P 98,860 Athalie Doris Joy v. Nelson L. North, Nelson L. NorthCourt of Appeals for the Second Circuit · 1982
- Auerbach v. BennettNew York Court of Appeals · 1979
- 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
11 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Cutshall v. BarkerIndiana Court of Appeals · 2000
- Strougo Ex Rel. the Brazil Fund, Inc. v. PadegsDistrict Court, S.D. New York · 1998
- Strougo v. BassiniDistrict Court, S.D. New York · 2000
- Drilling v. BermanCourt of Appeals of Minnesota · 1999
- Halebian v. BervDistrict Court, S.D. New York · 2007
3 more not listed; retrieve them via the Exa API.