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ABRAMSON v. NYTRONICS, INC.

No. 70 Civ. 410.

312 F.Supp. 519 (1970)

Fred B. ABRAMSON, Plaintiff, v. NYTRONICS, INC., et al., Defendants.

United States District Court, S. D. New York.

April 3, 1970.

Attorney(s) appearing for the Case

Wolf, Popper, Ross, Wolf & Jones, New York City, for plaintiff; Philip Jones, Howard L. Jacobs, Robert M. Kornreich, New York City, of counsel.

Rosenman, Colin, Kaye, Petschek, Freund & Emil, New York City, for defendant Gulton Industries, Inc.; Max Freund, Gerald Walpin, New York City, of counsel.

Olwine, Connelly, Chase, O'Donnell & Weyher, New York City, for defendant Bernard M. Goldsmith.

Upham, Meeker & Weithorn, New York City, for defendant Nytronics, Inc.

Simpson, Thacher & Bartlett, New York City, for defendants Walter F. Gips and Glenn N. Howatt.

MANSFIELD, District Judge.

This derivative and representative stockholders' action on behalf of Gulton Industries, Inc. ("Gulton"), seeks to enjoin consummation of an agreement between Gulton and Nytronics, Inc. whereby Gulton is to acquire 650,000 shares, or 20.4% of its own common stock from Nytronics in exchange for $5 million and certain assets of Gulton. Plaintiff, the owner of 100 Gulton shares, moves for a preliminary injunction barring the holding of a meeting...

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