Article: Unocal Corp. files action against two investment-banking firms and four indicted Wall Street traders for breach of contract and negligence arising from company's defense against hostile takeover bid by Mesa Partners II in 1985.

LOS ANGELES, April 14 /PRNewswire/ -- Unocal Corp. (NYSE: UCL) today filed an action against two investment-banking firms and four indicted Wall Street traders for breach of contract and fiduciary duty, fraud, negligence and conspiracy arising from the company's defense against a hostile takeover bid by Mesa Partners II in 1985.

Unocal's action, filed in California Superior Court in Los Angeles, names Goldman, Sachs & Co.; Kidder, Peabody & Co. Inc.; Robert M. Freeman, a partner at Goldman Sachs; and Richard B. Wigton, Timothy L. Tabor and Martin A. Siegel, all officers in Kidder Peabody's arbitrage department, as defendants. Additional defendants may be named ...

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