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  5. 746 F.Supp. 1249 (1990)
 

ARMCO INC. v. GLENFED FINANCIAL CORP.

Civ. A. No. 87-5085.

746 F.Supp. 1249 (1990)

ARMCO INC. and Armco Financial Holding Corporation, Plaintiffs, v. GLENFED FINANCIAL CORPORATION, Defendant.

United States District Court, D. New Jersey.

August 14, 1990.

Attorney(s) appearing for the Case

Andrew T. Berry, Gita F. Rothschild, Lance D. Cassak, McCarter & English, Newark, N.J., for plaintiffs Armco, Inc. and Armco Financial Holding Corp.

Ronald M. Sturtz, Sheldon M. Finkelstein, Brad R. Roth, Hannoch Weisman, Roseland, N.J., for defendant Glenfed Financial Corp.

OPINION

LECHNER, District Judge.

This protracted litigation arises from a series of agreements entered in or about April 1985 pursuant to which defendant Glenfed Financial Corporation ("Glenfed"), a subsidiary of Glendale Federal Savings and Loan Association ("Glendale"), acquired from plaintiff Armco Inc. ("Armco") the Armco Financial Corporation ("AFC"), a company engaged in the business of secured lending. The acquisition of AFC was completed by the merger...

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