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VISUAL SCIENCES v. MATSUSHITA ELEC. INDUS. CO.

No. CV 81 4060.

528 F.Supp. 1000 (1981)

VISUAL SCIENCES, INC., individually and on behalf of itself and all other stockholders of Panafax Corporation, Plaintiff, v. MATSUSHITA ELECTRIC INDUSTRIAL CO., LTD., Matsushita Graphic Communication Systems, Inc., Panafax Corporation, Chikayuki Kino, Toshiaki Date, Yohjiro Aoyama and Takeo Shimamura, Defendants.

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

December 23, 1981.

Attorney(s) appearing for the Case

Satterlee & Stephens, New York City, for plaintiff; Henry J. Formon, Jr., Christopher Goff, Thomas G. Carruthers, Saxe, Bacon & Bolan, New York City, of counsel.

Weil, Gotshal & Manges, New York City, for defendants; Peter Gruenberger, Paul K. Milmed, Donald I. N. McKenzie, New York City, of counsel.

Memorandum of Decision

MISHLER, District Judge.

The instant action was commenced on December 15, 1981 in the Supreme Court of the State of New York, County of Suffolk. Plaintiff, Visual Sciences, Inc. ("VSI"), instituted this action on behalf of itself and all other stockholders of Panafax Corporation ("Panafax") seeking both monetary damages as well as equitable relief. A petition for removal was filed in this court on December 16, 1981 pursuant...

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