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CHRIS-CRAFT INDUSTRIES, INC. v. PIPER AIRCRAFT CORP.

No. 69 Civ. 2227 (MP).

384 F.Supp. 507 (1974)

CHRIS-CRAFT INDUSTRIES, INC., Plaintiff, v. PIPER AIRCRAFT CORPORATION et al., Defendants.

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

As Amended November 12, 1974.

Attorney(s) appearing for the Case

Paul, Weiss, Goldberg, Rifkind, Wharton & Garrison, New York City, for plaintiff; Arthur L. Liman, Jack C. Auspitz, Anthony M. Radice, and Richard A. Miller, New York City, of counsel.

Webster, Sheffield, Fleischmann, Hitchcock & Brookfield, New York City, for defendants (Bangor Punta Corporation, David W. Wallace and Nicholas M. Salgo); James V. Ryan, C. Kenneth Shank, Jr., and Robert A. Kandel, New Yory City, of counsel.

Sullivan & Cromwell, New York City, for defendant (The First Boston Corp.); J. F. Arning, C. W. Sullivan, and R. Urowsky, New York City, of counsel.

Chadbourne, Parke, Whiteside & Wolff, New York City, for defendants (Piper Aircraft Corporation, Howard Piper, Thomas F. Piper and William T. Piper, Jr.); Zachary Shimer, New York City, of counsel.

POLLACK, District Judge.

This case is on remand from the Court of Appeals to determine the quantum of compensatory damages due to Chris-Craft Industries, Inc. (CCI or CC herein) from the defendants who were not dismissed from this suit and to include in the judgment an injunctive provision barring Bangor Punta Corporation (BPC or BP herein) from voting for a period of at least 5 years the Piper shares it obtained through purchases for cash and by an exchange offer...

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