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WASHINGTON STEEL CORP. v. TW CORP.

Civ. A. No. 79-166.

465 F.Supp. 1100 (1979)

WASHINGTON STEEL CORPORATION, a corporation, Plaintiff, v. TW CORPORATION, Talley Industries, Inc., B. Paul Barnes, William H. Mallender, Roger S. Carlson, Donald L. Corey, Joseph D. DiSesa, Gerard G. Ellis, Townsend Hoopes, John D. MacNaughton, Emiel T. Nielsen, Jr., Thomas F. Reddy, Jr., Ralph A. Rockow, Fred G. Schuller, Wesley A. Stanger, Jr., John W. Stodder, Marvin A. Pohlman, M. Kimelman & Company, Robert Euler, Michael Kimelman, Joseph E. Giattino, Sheila M. Baird, Oscar Kimelman, and Chemical Bank, Defendants.

United States District Court, W. D. Pennsylvania.

February 16, 1979.

Attorney(s) appearing for the Case

J. Tomlinson Fort, Reed, Smith, Shaw & McClay, Pittsburgh, Pa., for plaintiff.

Peter D. McKenna, Wachtell, Lipton, Rosen & Katz, New York City, for TW Corp. and Talley Industries, Ralph F. Scalera, Thorp, Reed & Armstrong, Pittsburgh, Pa., of counsel.

Gregory Markel, Cravath, Swaine & Moore, New York City, for Chemical Bank, Harold Schmidt, Rose, Schmidt, Dixon, Hasley, Whyte & Hardesty, Pittsburgh, Pa., of counsel.

Frederick T. Davis, Patterson, Belknap, Webb & Tyler, New York City, for M. Kimelman & Co.

INTRODUCTION, FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER

SIMMONS, District Judge.

A. INTRODUCTION

The matter of Washington Steel Corporation versus TW Corporation, et al, at Civil Action Number 79-166, is now ripe for a decision. Very briefly stated:

On January 26th, 1979, Defendant Talley Industries filed a Schedule 14D-1 Statement with the Securities & Exchange Commission covering the subject corporation, Washington Steel, the...

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