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CHAMPION HOME BUILDERS CO. v. JEFFRESS

Civ. A. No. 32106.

352 F.Supp. 1081 (1973)

CHAMPION HOME BUILDERS CO., a Michigan corporation, Plaintiff, Joseph L. Kramer and Beatrice F. Kramer, Intervenors-Plaintiffs, v. Etson B. JEFFRESS, Defendant.

United States District Court, E. D. Michigan, S. D.

January 11, 1973.

Attorney(s) appearing for the Case

Freud, Markus, Slavin & Mountain, Scholl, Jenkins, Robinson & Stieg, Detroit, Mich., for plaintiff.

Robert Newman, Parr, Doherty, Polk & Sargent, Robert Block, Pomerantz, Levy, Haudek & Block, New York City, for defendant.

MEMORANDUM OPINION AND ORDER

JOINER, District Judge.

The case now before this court presents us with the acquisition of one corporation (Concord Mobile Homes) by another (Champion Home Builders). That acquisition was accomplished via a purchase of 100% of the Concord stock, owned by Etson B. Jeffress, in exchange for 13% of Champion's stock. Mr. Jeffress was made a director of Champion subsequent to the sale. The major shareholders, including defendant,...

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