Rogosin v. Steadman

*366MEMORANDUM AND ORDER

OWEN, District Judge.

These actions commenced separately in 1969 by plaintiffs Mary Rogosin and Kenneth Herman are united in a consolidated supplemental complaint. Each plaintiff owns shares in Steadman Science and Growth Fund, Inc. (“Science”) and sued derivatively for the benefit of Science under the Investment Company Act of 1940, the Investment Advisor’s Act, and the Securities Acts of 1933 and 1934. The consolidated complaint, noting that Science had merged into Steadman American Industry Fund, Inc. (“American”), charges, among other things, that Science did not…