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LAFER AMSTER & CO. v. STONE CONTAINER CORP.

No. 87 Civ. 7528 (MBM).

690 F.Supp. 1356 (1988)

LAFER AMSTER & CO., Painewebber Incorporated, Steinhart Partners and Wertheim Schroder & Co. Incorporated, Plaintiffs, v. STONE CONTAINER CORPORATION, Defendant.

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

August 10, 1988.

Attorney(s) appearing for the Case

Reavis & McGrath, Orrick Herrington & Sutcliffe, New York City, for plaintiffs.

Sidley & Austin, New York City, for defendant.

OPINION AND ORDER

MUKASEY, District Judge.

Plaintiffs Lafer Amster & Co., PaineWebber, Steinhart Partners and Wertheim Schroder & Co. are former holders of Series C Cumulative Convertible Exchangeable Preferred Shares issued by defendant Stone Container Corporation. At issue in this case is whether or not plaintiffs are entitled to payment of a quarterly cash dividend on such shares for the first quarter of 1987. Defendant Stone has moved for judgment...

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