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GENERAL TIME CORPORATION v. TALLEY INDUSTRIES, INC.

Nos. 21/22, Dockets 32299/32300.

403 F.2d 159 (1968)

GENERAL TIME CORPORATION, Plaintiff-Appellant, v. TALLEY INDUSTRIES, INC., Franz G. Talley, M. Kimelman & Co., Michael G. Kimelman, Oscar Kimelman, Donald D. Harrington, individually, and as Chairman of the Independent Stockholders' Committee of General Time Corporation and American Investors Fund, Inc., Defendants-Appellees. GENERAL TIME CORPORATION, Plaintiff-Appellant, v. AMERICAN INVESTORS FUND, INC., Talley Industries, Inc., Franz G. Talley, M. Kimelman & Co., Michael G. Kimelman, Oscar Kimelman and Smith Barney & Co., Incorporated, Defendants-Appellees.

United States Court of Appeals Second Circuit.

Decided October 23, 1968.

Certiorari Denied January 13, 1969.

Attorney(s) appearing for the Case

Lawrence Kill, New York City (Chadbourne, Parke, Whiteside & Wolff, Paul G. Pennoyer, Jr., John G. Collins, Jerold Oshinsky, New York City, of counsel), for plaintiff-appellant General Time Corp.

Robert B. Fiske, Jr., New York City (Davis, Polk & Wardwell, Roger L. Zissu, New York City, on brief), for defendant-appellee Smith, Barney & Co., Inc.

Clendon H. Lee, O'Connor & Farber, New York City, for defendant-appellee American Investors Fund, Inc.

Walter L. Stratton, New York City (Donovan, Leisure, Newton & Irvine, Sanford M. Litvack, Benjamin Vinar, Roger W. Kapp, New York City, of counsel), for defendants-appellees Talley Industries, Inc., Franz G. Talley, M. Kimelman & Co., Michael G. Kimelman and Oscar Kimelman.

Before FRIENDLY, HAYS and FEINBERG, Circuit Judges.

Certiorari Denied January 13, 1969. See 89 S.Ct. 631.

FRIENDLY, Circuit Judge:

These appeals are two more chapters in a controversy arising from the efforts of Talley Industries, Inc. (Industries) to displace the management of General Time Corporation (GTC) and ultimately to acquire or merge with it. We have dealt with other aspects of this in SEC v. Talley Industries, Inc., decided July 31, 1968, 399 F.2d 396, and will assume...

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