CHRIS-CRAFT INDUSTRIES, INC., Plaintiff,
v.
PIPER AIRCRAFT CORPORATION et al., Defendants.
United States District Court, S. D. New York.https://leagle.com/images/logo.png
December 10, 1971.
December 10, 1971.
Attorney(s) appearing for the Case
Paul, Weiss, Rifkind, Wharton & Garrison, New York City, by Arthur L. Liman, Joseph J. Ackell and Jack C. Auspitz, New York City, of counsel, for plaintiff.
Webster, Sheffield, Fleischmann, Hitchcock, & Brookfield, New York City, by James V. Ryan, William L. D. Barrett and C. Kenneth Shank, Jr., New York City, of counsel, for defendants Bangor Punta Corp., Nicholas Salgo and David W. Wallace.
Chadbourne, Parke, Whiteside & Wolff, New York City, by Paul G. Pennoyer, Jr., Zachary Shimer and Irene C. Warshauer, New York City, of counsel, for defendants Piper Aircraft Corp., William T. Piper, Jr., Howard Piper and Thomas F. Piper.
Sullivan & Cromwell, New York City, by John F. Arning, Roger L. Waldman and Charles W. Sullivan, New York City, of counsel, for defendants The First Boston Corp., Paul L. Miller and Nicholas A. Bayard.
United States District Court, S. D. New York.
OPINION
POLLACK, District Judge:
The Context of the Case
This case and its companion cases1 arise out of the unsuccessful attempt of Chris-Craft Industries, Inc. (Chris-Craft), a diversified manufacturer of recreational products, to secure control of Piper Aircraft Corporation (Piper), a leading manufacturer of light aircraft. The Chris-Craft takeover attempt was resisted by Piper and by a competitor for the...
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