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ELGIN NATIONAL INDUSTRIES, INC. v. CHEMETRON CORPORATION

Civ. A. No. 3704.

299 F.Supp. 367 (1969)

ELGIN NATIONAL INDUSTRIES, INC., Plaintiff, v. CHEMETRON CORPORATION et al., Defendants.

United States District Court D. Delaware.

May 5, 1969.

Attorney(s) appearing for the Case

Irving Morris, Wilmington, Del., for plaintiff,

Louis J. Finger, Wilmington, Del., for defendants.

OPINION

STEEL, District Judge:

Plaintiff, a large stockholder of corporate defendant, Chemetron, charges that defendants, in soliciting proxies for use at the Annual Meeting of Stockholders of Chemetron called for May 6, 1969, violated Rule 14a-9 promulgated under Section 14 of The Securities Exchange Act of 1934, 15 U.S.C. § 78n(a). Accordingly, the plaintiff seeks an injunction temporary and final, (1) postponing the meeting for a reasonable time...

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