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AVON PRODUCTS, INC. v. CHARTWELL ASSOCIATES L.P.

No. 89 Civ. 8032 (PNL).

738 F.Supp. 686 (1990)

AVON PRODUCTS, INC., Plaintiff, v. CHARTWELL ASSOCIATES L.P., Larry Fisher, Zachary Fisher, Arnold Fisher, Richard L. Fisher, M. Anthony Fisher, Argonaut Partners I, L.P., The Gordon P. Getty Family Trust, New Arrow Corporation, Mary Kay Cosmetics, Inc., Mary Kay Corporation, J.R. Investments Corp., Richard R. Rogers, First Chicago Trust Company of New York, and John P. Rochon, Defendants.

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

April 27, 1990.

Attorney(s) appearing for the Case

Sullivan & Cromwell, New York City (D. Stuart Meiklejohn, of counsel), for plaintiff.

Willkie Farr & Gallagher, New York City (Philippe Salomon, of counsel), Skadden, Arps, Slate, Meagher & Flom, New York City (Michael W. Mitchell, of counsel), for defendants.

OPINION AND ORDER

LEVAL, District Judge.

This is an action for declaratory judgment. Chartwell Associates L.P. and all other defendants except First Chicago Trust Company of New York ask the court to hold that an amended Rights Plan adopted by Avon Products, Inc. as a defensive maneuver against risk of takeover violates New York law.

Chartwell seeks expedited final determination of three claims: a) that the Rights Plan on its face violates Section...

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