Baron v. Strawbridge & Clothier

MEMORANDUM AND ORDER

JAMES McGIRR KELLY, District Judge.

INTRODUCTION

This is an individual and derivative action brought by plaintiff Ronald Baron and two companies which he controls, Baron Capital, Inc. (“BCI”) and Berry Acquisition Co. (“Berry”) 1 in connection with Baron’s attempt to acquire control of defendant Strawbridge & Clothier (“the Company”), a publicly held corporation. The defendants are the company and all twelve members of its Board of Directors. The suit seeks, inter alia, to enjoin certain actions to be taken at the annual meeting of the Company’s shareholders and to recover…