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FEDER v. MACFADDEN HOLDINGS, INC.

No. 86 Civ. 4625(LLS).

698 F.Supp. 47 (1988)

Michael M. FEDER, as custodian for Jeffrey Feder and Mark Feder, Monroe Weintraub, on behalf of himself and all others similarly situated, Plaintiffs, v. MACFADDEN HOLDINGS, INC. and Macfadden Acquisition Corp., Defendants.

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

October 11, 1988.

Attorney(s) appearing for the Case

Goodkind, Wechsler, Labation & Rudoff, New York City, for plaintiffs; Jonathan M. Plasse, Lawrence A. Sucharow, of counsel.

Willkie Farr & Gallagher, New York City, for defendants; Richard L. Posen, of counsel.

OPINION AND ORDER

STANTON, District Judge.

During the spring of 1986 defendants Macfadden Holdings, Inc. and its whollyowned subsidiary Macfadden Acquisition Corporation (collectively "Macfadden") unsuccessfully tried to obtain control of John Blair & Co. ("Blair"). Plaintiffs, who tendered their Blair common stock to Macfadden, allege that Macfadden violated Sections 10(b) and 14 of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78n(d)...

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