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WALSH v. NORTHROP GRUMMAN CORP.

No. 94-CV-5105 (TCP).

871 F.Supp. 1567 (1994)

Robert G. WALSH, George A. Graefe and George Demarest, on behalf of themselves and all others similarly situated, Plaintiffs, v. NORTHROP GRUMMAN CORPORATION, Grumman Corporation, Renso Caporali, Howard J. Dunn, Jr., Robert Denien and Robert E. Foster, Defendants.

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

December 8, 1994.

Attorney(s) appearing for the Case

Steven P. Hoffman (Karl Stoecker, D. Brian Hufford, of counsel), Pomerantz, Haudek Block & Grossman, New York City, for plaintiffs Robert G. Walsh, George A. Graefe and George Demarest and others similarly situated.

John A. Herfort (Edward Ferguson, III, of counsel), Gibson, Dunn & Crutcher, New York City, for defendants Northrop Grumman Corp., Grumman Corp. and Renso Caporali.

Eric M. Nelson (Alan J. Sorkowitz, Alan J. Freedman, of counsel) Whitman Breed Abbot & Morgan, New York City, for defendants Howard K. Dunn, Jr., Robert Denien and Robert E. Foster.

MEMORANDUM AND ORDER

PLATT, Chief Judge.

By an order to show cause dated November 3, 1994, plaintiffs seek a preliminary injunction to stay a deadline imposed by defendants, (plaintiffs' present employers) by which plaintiffs must decide whether or not to retire from the company under the terms of a disputed employee severance pay plan.

On December 8, 1994, plaintiffs must choose whether they will resign voluntarily or remain in their jobs...

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