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DYNAMICS CORP. OF AMERICA v. CTS CORP.

No. 86-1888.

805 F.2d 705 (1986)

DYNAMICS CORPORATION OF AMERICA, a New York corporation, Plaintiff-Appellant, v. CTS CORPORATION, an Indiana corporation, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided November 3, 1986.

Attorney(s) appearing for the Case

Lowell E. Sachnoff, Sachnoff, Weaver & Rubenstein, Ltd., Chicago, Ill., for plaintiff-appellant.

Timothy A. Nelsen, Skadden, Arps, Slate, Meagher & Flom, Chicago, Ill., for defendants-appellees.

Before BAUER, Chief Judge, and CUDAHY and POSNER, Circuit Judges.

POSNER, Circuit Judge.

This case involves a challenge under the corporate law of Indiana to a "poison pill," which is a device used by corporate managers to fend off hostile tender offers. The case is a sequel to Dynamics Corp. of America v. CTS Corp., 794 F.2d 250 (7th Cir.1986). Although the Supreme Court has noted probable jurisdiction of the appeals by CTS and the State of Indiana from the part of the decision that invalidated...

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