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AMERICAN STANDARD, INC. v. CRANE CO.

No. 68 Civ. 2461.

346 F.Supp. 1153 (1971)

AMERICAN STANDARD, INC., Plaintiff, v. CRANE CO., Defendant and Third-Party Plaintiff, v. Edward J. HANLEY et al., Third-Party Defendants, and two other consolidated actions.

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

Supplemental Opinion July 6, 1972.

Attorney(s) appearing for the Case

Sullivan & Cromwell, New York City, for plaintiff American Standard, Inc.; George C. Kern, Jr., Edward W. Keane, John L. Warden, Robert M. Osgood, New York City, of counsel.

Pomerantz, Levy, Haudek & Block, and Lord, Day & Lord, New York City, for defendant Crane Co.; Abraham L. Pomerantz, William E. Haudek, John W. Castles 3d, Michael J. Murphy, New York City, Louis Loss, Cambridge, Mass., of counsel.

Bobroff, Olonoff & Scharf, New York City, for Melvin Kritzler.

Wolf, Popper, Ross, Wolf & Jones, New York City, for Henry Abrams.

OPINION

LASKER, District Judge.

In the spring of 1967 the fancy of Crane Co. ("Crane") lit upon Westinghouse Air Brake Co. ("Air Brake") as an attractive take-over candidate. As is often the case in corporate, as in amatory, affairs, the pursued was unwilling. Air Brake rejected its suitor and turned elsewhere for marriage and protection. American Standard, Inc. ("Standard") found Air Brake as appealing a partner as had Crane, competed for the favored hand...

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