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GENERAL TIME CORPORATION v. AMERICAN INVESTORS FUND, INC.

No. 68 Civ. 768.

283 F.Supp. 400 (1968)

GENERAL TIME CORPORATION, Plaintiff, 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.

United States District Court S. D. New York.

April 17, 1968.

Attorney(s) appearing for the Case

Chadbourne, Parke, Whiteside & Wolff, New York City, for plaintiff.

Donovan, Leisure, Newton & Irvine, New York City, for defendants, Talley Industries, Inc., Franz G. Talley, M. Kimelman & Co., Michael G. Kimelman and Oscar Kimelman.

Davis, Polk & Wardwell, New York City, for defendant, Smith, Barney & Co., Inc.

O'Connor & Farber, New York City, for defendant, American Investors Fund, Inc.

OPINION

FREDERICK van PELT BRYAN, District Judge:

This action arises out of an alleged attempt by the defendants to take over control of plaintiff General Time Corporation (Time) and merge it into Talley Industries (Talley). Time is a Delaware corporation with its principal place of business in Connecticut. The defendant, American Investors Fund, Inc. (Fund), is a diversified open-end investment company incorporated in New York and subject to the provisions...

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