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MARKS v. LAINOFF

No. 79 Civ. 0733 (KTD).

466 F.Supp. 301 (1979)

Dorothy S. MARKS, Plaintiff, v. Irwin LAINOFF, Barry Hirsch, Raymond H. Lapin, William E. Rulon, Albert C. Lasher, CNA Management Corporation, Neuberger & Berman Management Incorporated, Neuberger & Berman, Angeles Realty Corporation and CL Assets, Inc., Defendants.

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

February 23, 1979.

Attorney(s) appearing for the Case

Pomerantz, Levy, Haudek & Block, New York City, for plaintiff; Stanley M. Grossman, Marc I. Gross, New York City, of counsel.

Willkie, Farr & Gallagher, New York City, for defendants Irwin Lainoff, Barry Hirsch, Raymond H. Lapin, William E. Rulon, Albert C. Lasher and CL Assets, Inc.; Chester J. Straub, Michael Lambert, New York City, of counsel.

Henry L. Wolff, New York City, of counsel, for defendant CNA Management Corp.

Wachtell, Lipton, Rosen & Katz, New York City, for defendants Neuberger & Berman Management Inc., and Neuberger & Berman; Steven M. Barna, New York City, of counsel.

OPINION AND ORDER

KEVIN THOMAS DUFFY, District Judge:

In this most unusual securities law case, the plaintiff, a preferred stockholder in CL Assets, Inc. ["CL"], a closed-end investment company, seeks a preliminary injunction to enjoin a special meeting of stockholders scheduled for February 27, 1979, at which meeting a plan of reorganization proposed by the directors to the preferred and common shareholders of the CL is to be voted upon. Plaintiff contends...

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