Bonner v. Law Companies Group, Inc.

ORDER

HUNT, District Judge.

Plaintiffs, minority shareholders of defendant Law Companies Group, Inc. (“Law”), bring this derivative action for declaratory and injunctive relief, alleging violations of the Securities Exchange Act of 1934 and breaches of fiduciary duties by the directors of Law. The Court has jurisdiction over this matter pursuant to 28 U.S.C. § 1331 and § 1367(a). Before the Court is plaintiffs’ motion for a temporary restraining order. A hearing on this motion was held on May 5,1997.

I. BACKGROUND

This action arises out of a proposed Securities Purchase Agreement between Law and…