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STEINER v. GORDON JEWELRY CORP.

No. 87 C 4032.

675 F.Supp. 90 (1987)

William STEINER on behalf of himself and all other Stockholders of Gordon Jewelry Corporation similarly situated, Plaintiff, v. GORDON JEWELRY CORPORATION, Harry B. Gordon, Aron S. Gordon, W. Lowry Barfield, Danile P. Gordon, James C. Gordon, Douglas B. Gordon, Jack S. Blanton, Roy L. Dye, Jr., Arnold M. Miller, and L. William Heiligbrodt, Defendants.

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

December 15, 1987.

Attorney(s) appearing for the Case

Goodkind, Wechsler, Labaton & Rudoff (Stuart D. Wechsler, Joel C. Feffer, and Linda P. Nussbaum, of counsel), New York City, for plaintiff.

Carter, Ledyard & Milburn (James W. Rayhill, Beth D. Jacob, Lawrence F. Carnevale, and Bernard Cedarbaum, of counsel), New York City, for defendants.

MEMORANDUM AND ORDER

NICKERSON, District Judge.

Plaintiff brought this action against Gordon Jewelry Corporation (the Corporation) and its directors, alleging that an offer (which expires midnight, December 16, 1987) by the Corporation to purchase for cash up to 2,000,000 shares of its common stock was in violation of Rules 13e-3, 13e-4, and 10b-5 of the Securities and Exchange Commission (the Commission) and of the law of Delaware. Plaintiff has moved for...

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