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BARNETT v. KIRSHNER

No. 174, Docket 75-7284.

527 F.2d 781 (1975)

Lawrence R. BARNETT et al., Plaintiffs-Appellants, v. Don KIRSHNER et al., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided December 30, 1975.

Attorney(s) appearing for the Case

Franklin B. Velie, New York City (Bergreen & Bergreen, Gordon, Hurwitz, Butowsky & Baker, New York City), for plaintiffs-appellants.

Barry I. Fredericks, New York City (Harris, Fredericks & Korobkin, Edward Marion, New York City, of counsel), for defendants-appellees.

Before LUMBARD, FRIENDLY and MULLIGAN, Circuit Judges.

MULLIGAN, Circuit Judge:

The plaintiffs below, Lawrence R. Barnett, C. Leonard Gordon and Alfred L. Hollender, acquired shares of stock in Kirshner Entertainment Corporation (this and its subsidiary and related companies are hereinafter referred to as KEC). All were executives of Chris Craft Industries and acquired their stock interests in KEC through Herbert J. Siegel, Chairman of the Board and President of Chris Craft. Barnett acquired 8,000 shares in June, 1967...

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