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MOLASKY v. GARFINKLE

No. 73 Civil 3423.

380 F.Supp. 549 (1974)

Allan MOLASKY, Individually and as Trustee for the Benefit of Mark Molasky, u/t/a William Molasky, dated May 1, 1956, and as Trustee for the Benefit of Marti Ellen Rose, u/t/a William Molasky, dated May 1, 1956, et al., Plaintiffs, v. Henry GARFINKLE et al., Defendants.

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

July 24, 1974.

Attorney(s) appearing for the Case

Silberfeld, Danziger & Bangser, New York City, for plaintiffs.

Cahill Gordon & Reindel, New York City, for defendant Peat, Marwick, Mitchell & Co.; William E. Hegarty, Roger S. Fine, New York City, of counsel.

OPINION

EDWARD WEINFELD, District Judge.

Plaintiffs, individually and in a representative capacity (hereafter "Molaskys"), have, for more than ten years, owned and continue to own shares of common stock in Ancorp National Services, Inc. ("Ancorp"), purchased at an average price of $15 per share. On March 15, 1973, trading in Ancorp common shares was halted on the New York Stock Exchange, and on March 20, 1973, Ancorp filed a petition for arrangement under...

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