Murchison v. Kirby

WEINFELD, District Judge.

Alleghany Corporation has been the storm center of a series of derivative actions brought by stockholders pur*15portedly for its benefit. This latest action to redress alleged wrongs inflicted upon the Corporation finds the role of the litigants somewhat reversed in that co-plaintiffs herein, the Murchison brothers, were themselves defendants with others in the prior litigations which are the subject of this action. The plaintiffs here seek, in substance, to set aside as fraudulent a settlement of earlier derivative actions in this and state courts entered into by…