District Court, S.D. New York May 20, 1981, Nos. 80 Civ. 2602(RJW), 80 Civ. 2657(RJW) (Markowitz v. Brody)

OPINION

ROBERT J. WARD, District Judge.

These two actions are maintained under section 36(b) of the Investment Company Act of 1940 (“the ICA”), 15 U.S.C. § 80a-35(b) (“Section 36(b)”). Each action has been brought as a stockholder derivative action on behalf of Shearson Daily Dividend, Inc.