Valente v. Pepsico, Inc.

OPINION

CALEB M. WRIGHT, Senior District Judge.

This securities class action is presently before the Court on cross-motions for summary judgment. The plaintiffs, minority holders of common shares, warrants, and debentures of Wilson Sporting Goods (“Wilson”), filed the action on December 13, 1972. 1 The defendants in the suit are Pep siCo, Inc. (“PepsiCo”), Wilson, and twelve individuals who were PepsiCo directors and/or officers in July- 1972. 2 The allegations of the complaint relate to a series of events which followed PepsiCo’s acquisition of a majority interest in Wilson in February, 1970.…