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CHRYSLER CORP. v. FEDDERS CORP.

No. 78 Civ. 3393 (CHT).

540 F.Supp. 706 (1982)

CHRYSLER CORPORATION, Plaintiff, v. FEDDERS CORPORATION, Defendant.

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

June 10, 1982.

Attorney(s) appearing for the Case

Kelley Drye & Warren, New York City, for plaintiff; Robert Ehrenbard, Paul F. Doyle, New York City, of counsel.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for defendant; Arthur L. Liman, Leslie G. Fagen, and Weisman Cellar, Spett, Modlin & Wertheimer, New York City, of counsel.

OPINION

TENNEY, District Judge.

This action grows out of the sale to defendant Fedders Corporation ("Fedders") of the Airtemp Division ("Airtemp") of plaintiff Chrysler Corporation ("Chrysler"). On February 23, 1976, the parties entered into a 76-page agreement (the "Agreement") which set out the numerous terms and conditions of the sale. Fedders was to purchase the assets of Airtemp, including stock in certain domestic and foreign subsidiaries of Chrysler...

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