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TRANS WORLD CORP. v. ODYSSEY PARTNERS

No. 83 Civ. 1939 (MEL).

561 F.Supp. 1315 (1983)

TRANS WORLD CORPORATION, Plaintiff, v. ODYSSEY PARTNERS, et al., Defendants.

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

April 20, 1983.

Attorney(s) appearing for the Case

Wachtell, Lipton, Rosen & Katz, New York City, for plaintiff.

Weil, Gotshal & Manges, New York City, for defendants Odyssey Partners, Jack Nash, Leon Levy and Lester Pollack.

Davis, Polk & Wardwell, New York City, for defendant S.G. Warburg & Co. Ltd.

Milbank, Tweed, Hadley & McCloy, New York City, for defendants Bishopsgate Trust PLC, Hambros Inv. Co. A.G., Hambros Inv. Trust PLC, Kavilco, Inc., MR Inv. Associates, NR Inv. Associates, and Royston Inv. Co.

Rogers & Wells, New York City, for defendants Oppenheimer Holdings, Inc., Oppenheimer & Co., Inc. and Oppenheimer Capital Corp.

Cole & Deitz, New York City, for defendants Oppenheimer Fund, Oppenheimer Special Fund, Oppenheimer Option Income Fund, Hamilton Funds, Inc., and Centennial Growth Fund.

White & Case, New York City, for defendant Electra Inv. Trust PLC.

LASKER, District Judge.

Trans World Corporation (Trans World) instituted this action for injunctive and declaratory relief on March 11, 1983, alleging that the defendants, in the course of activities preceding Odyssey Partners' formal proposal of a non-binding shareholder resolution to be voted upon at Trans World's annual shareholder meeting on April 27, 1983, have violated Sections 13(d) and 14(a) of the Securities Exchange Act of 1934 (the "Exchange Act"), 15 U...

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