Borders Electronics Co. v. Whirlpool Corp.

OPINION

WEINFELD, District Judge.

In this action plaintiffs seek to recover on their own behalf and on behalf of all other stockholders of General Linear Corp. (“GLC”) similarly situated, at least $1,400,-000 and punitive damages upon allegations that the defendant John Quirk (“Quirk”) together with J. W. von Brimer, now deceased (“von Brimer”), whose executor is also named as a defendant, engaged in various fraudulent acts of commission and omission and breach of fiduciary duties owing to GLC. The central core of the twelve causes of action alleged in the complaint is an assignment of two…