Richard Ira ROMER; Jennifer Glatzer, as Custodian for Adam Glatzer, under the New York Uniform Gift to Minors Act; Anita Margulis; Sylvia Elan; Rae Kornreich; Peter Cordaro; Bruce Paul; Diane A. Levy; Ruth Fretts, Plaintiffs-Appellees,
v.
GREEN POINT SAVINGS BANK; Innis O'Rourke, Jr.; Bernard S. Berman; Charles L. Neumeyer; Wilfred O. Uhl; Robert M. McLane; Dan F. Huebner; Robert P. Quinn; Robert F. Vizza; William M. Jackson; Jules Zimmerman; Charles B. McQuade; Alvin N. Puryear; Thomas S. Johnson, Defendants-Appellants,
Adams Cohen Securities, Inc.; R.P. Financial, Inc., Defendants,
Derrick D. Cephas, Superintendent of Banks of the State of New York, Amicus Curiae.
United States Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
Argued January 28, 1994.
Decided January 28, 1994.
Opinion Filed June 14, 1994.
Attorney(s) appearing for the Case
Douglas S. Liebhafsky, New York City (Wachtell, Lipton, Rosen & Katz, Robert B. Mazur, Marc Wolinsky, Jeffrey M. Wintner, of counsel), for defendant-appellant The Green Point Sav. Bank.
Bruce H. Schneider, New York City (Stroock & Stroock & Lavan, Edward P. Grosz, of counsel), for defendant Adams Cohen Securities, Inc.
Melvyn I. Weiss, New York City (Milberg Weiss Bershad Patricia M. Hynes, Robert P. Sugarman, Barry A. Weprin, of counsel; Pomerantz Levy Haudek Block & Grossman, Stanley M. Grossman, D. Brian Hufford, of counsel; Kaufman Malchman Kirby & Squire, Jeffrey Squire, Daniel Robbins, of counsel; Wolf Popper Ross Wolf & Jones, Marian Rosner, Laurence Paskowitz, of counsel; Rabin & Garland, Joseph Garland, Marvin L. Frank, of counsel; Jaroslawicz & Jaros, David Jaroslawicz, of counsel; Berman DeValerio & Pease, Glen DeValerio, of counsel; Law Offices of Joseph H. Weiss, Joseph H. Weiss, of counsel; Stull, Stull & Brody, Mark Levine, of counsel), for plaintiffs-appellees.
Fried, Frank, Harris, Shriver & Jacobson, New York City (Bonnie Kayatta-Steingart, Janice MacAvoy, of counsel), on the brief, for amicus curiae Derrick D. Cephas, Superintendent of Banks of the State of New York.
Douglas Spertoli, Richmond, VA (LaClar & Ryan, of counsel), for defendant R.P. Financial, Inc.
Before: PRATT, WALKER and LEVAL, Circuit Judges.
United States Court of Appeals, Second Circuit.
LEVAL, Circuit Judge:
This motion and appeal concerns a temporary restraining order issued by the district court barring the consummation of a conversion plan, converting a mutual savings bank into a public stock company. The Green Point Savings Bank ("Green Point") is a mutual savings bank chartered under the laws of New York. Early in 1993 Green Point's board of trustees began considering alternate forms of corporate structure. In April the board retained the services...
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