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SECURITIES AND EXCHANGE COM'N v. CENTRAL FOUNDRY CO.

167 F.Supp. 821 (1958)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. CENTRAL FOUNDRY COMPANY et al., Defendants.

United States District Court S. D. New York.

October 25, 1958.

Attorney(s) appearing for the Case

Daniel J. McCauley, Jr., Washington, D. C., for plaintiff. J. Gordon Cooney, New York City, of counsel.

Guggenheimer & Untermyer, New York City, for defendant Central Foundry Co., Alfred Berman, Harry Hoffman, Leon H. Tykulsker, Jack Friedman, New York City, of counsel.

Royall, Koegel, Harris & Caskey, New York City, for defendants Central Foundry Co. Independent Stockholders Protective Committee. John A. Wells, Justin W. D'Atri, T. H. McBryde and Stuart A. Jackson, New York City, of counsel.

Maurice Rubinger, New York City, for John J. Nolan, Jr.

BICKS, District Judge.

This contest for control of the Central Foundry Company has been unusually bitter. The contending parties are, on the one side, the present members of the Board of Directors, a majority of whom have served the Company in that capacity for upwards of twenty years and, on the other side, an insurgent group organized and spearheaded by one Sidney Gondelman who also financed its expenses. The members of this group first began acquiring stock in...

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