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WEST POINT-PEPPERELL, INC. v. FARLEY INC.

Nos. 3:88-cv57-GET, 3:88-cv113-GET.

711 F.Supp. 1088 (1988)

WEST POINT-PEPPERELL, INC., Plaintiff and Counterclaim-Defendant, v. FARLEY INC., Defendant and Counterclaim-Plaintiff, and Trust Company Bank, Defendant. FARLEY INC. and Farley/WPM Acquisition Corp., Counterclaim-Plaintiffs, v. WEST POINT-PEPPERELL, INC., Plaintiff and Counterclaim-Defendant, and Joseph L. Lanier, Donald J. Keller, W. Cecil Bauer, Henry H. Henley, Jr., Clarence J. Kjorlier, Gerald B. Mitchell, Harry M. Philpott, Yetta G. Samford, Jr., C. McKenzie Taylor and Charles J. Woodruff, Additional Counterclaim-Defendants. WEST POINT-PEPPERELL, INC. and J.P. Stevens & Co., Inc., Plaintiffs, v. FARLEY INC., Farley/WPM Acquisition Corp., Farley/WPM Holding Corp., Farley/WPM Subsidiary Corp. and Drexel Burnham Lambert Inc., Defendants.

United States District Court, N.D. Georgia, Newnan Division.

November 14, 1988.

Attorney(s) appearing for the Case

King & Spalding, Atlanta, Ga., Willis, McKenzie & Long, LaGrange, Ga., for West Point-Pepperell, Inc.

Bondurant, Mixson & Elmore, Atlanta, Ga., for Farley Inc.

Rogers & Hardin, Atlanta, Ga., for Trust Co. Bank.

MEMORANDUM DECISION AND ORDER

G. ERNEST TIDWELL, District Judge.

West Point-Pepperell, Inc. ("West Point") is a Georgia corporation with its principal executive offices located in West Point, Georgia. As of July 29, 1988, West Point, a diversified manufacturer and marketer of consumer soft goods, had approximately 29.4 million shares of stock outstanding. West Point presently employs some 40,000 people.

J.P. Stevens & Co., Inc. ("Stevens") is...

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