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CORENCO CORPORATION v. SCHIAVONE & SONS, INC.

No. 73 Civ. 3272.

362 F.Supp. 939 (1973)

CORENCO CORPORATION, Plaintiff, v. SCHIAVONE & SONS, INC., et al., Defendants, and Chester K. Twiss et al., Additional Defendants to Counterclaim.

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

August 9, 1973.

Attorney(s) appearing for the Case

Cahill, Gordon & Reindel, Demas & Hall, New York City, for plaintiff; Jerome Doyle, Leonard A. Spivak, George Wailand, Allen S. Joslyn, New York City, Eric Harris, David H. Hall, New York City, Richard L. Brickley, Boston, Mass., of counsel.

Skadden, Arps, Slate, Meagher & Flom, New York City, for defendants Schiavone & Sons, Inc., Michael Schiavone & Sons, Inc., Joel Schiavone; Robert W. Sweet, Thomas J. Schwarz, Edward Yodowitz, William Alesi, Blaine V. Fogg, New York City, of counsel.

Lord, Day & Lord, New York City, for defendant Reed Rubin; William E. McCurdy, Jr., New York City, of counsel.

Borden & Ball, New York City, for defendant Singer & Mackie, Inc.; Joel S. Hanover, New York City, of counsel.

Webster, Sheffield, Fleischmann, Hitchcock & Brookfield, New York City, for defendant D. F. King & Co., Inc.; Donald J. Cohn, New York City, of counsel.

Winthrop, Stimson, Putnam & Roberts, New York City, for defendant Bear, Stearns & Co.; Stephen A. Weiner, New York City, of counsel.

OPINION

ROBERT J. WARD, District Judge:

Prior Proceedings

Plaintiff Corenco Corporation ("Corenco") instituted this action on July 25, 1973, in an attempt to block a cash tender offer for Corenco stock announced by defendant Schiavone & Sons, Inc. ("Schiavone") on July 17, 1973. Corenco seeks to enjoin Schiavone, its parent, Michael Schiavone and Sons, Incorporated ("Michael Schiavone"), and Joel Schiavone (together "the Schiavone defendants...

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