Lonergan v. Crucible Steel Co. of America

This is a derivative action brought in the circuit court of Cook County by four shareholders of Crucible Steel Company of America on behalf of themselves and other shareholders of the corporation similarly situated. The defendants are Crucible, Wheeling Steel Corporation, Hunt Foods and Industries, Inc., and 46 persons who are, or were, officers or directors of the corporate defendants.

The plaintiffs, who own 107,900 shares of Crucible’s 3,879,180 shares of outstanding common stock, are members of a shareholder’s committee which has solicited proxies in an effort to acquire control of…