Solomon v. Buckley

BEER, District Judge.

In September, 1977, plaintiffs Paul and Jacqueline Solomon instituted this shareholders’ derivative action for the benefit of Starr Broadcasting Group, Inc. (“SBG,” hereinafter) against certain SBG directors and officers, alleging breach of their fiduciary duty. This action was essentially similar to an action filed in March, 1976, and, thereafter, dismissed on jurisdictional grounds in August, 1977. The complaint charges that the individual defendants, while in control of, and in their capacity as directors and fiduciaries of SBG, entered into and/or caused to be…