MARSHALL FIELD & CO. v. ICAHN

No. 82 Civ. 0755 (PNL).

537 F.Supp. 413 (1982)

MARSHALL FIELD & COMPANY, Plaintiff, v. Carl C. ICAHN et al., Defendants.

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

On Renewal of Motion for Temporary Restraining Order March 10, 1982.

On Motion for Preliminary Injunction March 23, 1982.

On Application for Temporary Restraining Order Re Tender Offer March 26, 1982.


Attorney(s) appearing for the Case

Skadden, Arps, Slate, Meagher & Flom, Douglas M. Kraus, Daniel E. Stoller, Timothy A. Nelsen, Jemera Rone, Bradley Holmes, New York City, for plaintiff and counterclaim-defendant Marshall Field & Co.

Ronald S. Rolfe, Alan C. Stephenson, Henry B. Gutman, Cravath, Swaine & Moore, New York City, for BATUS, Inc., BATUS Holdings I, BATUS Holdings II.

Theodore Altman, Mathew E. Hoffman, Gordon, Hurwitz, Butowsky, Baker, Weitzen & Shalov, and David Simon, Michael O. Finkelstein, William O. Purcell, Barrett, Smith, Schapiro, Simon & Armstrong, New York City, for defendants Carl C. Icahn, Icahn Capital Corporation, Icahn & Co., Inc., C. C. I. & Associates and Brett Investors Corp.

Edward G. Turan, Leonard Benowich, Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendant Bayswater Realty & Capital Corp.

Edward Brodsky, Thomas H. Sear, Edward J. Westlow, Spengler, Carlson, Gubar, Brodsky & Rosenthal, New York City, for defendants Alexander M. Goren, Establissement Dan-Elath Investment and Picara Valley N. V.

Herman Sassower, Barry R. Fertel, Bell, Kalnick, Beckman, Klee & Green, New York City, for defendants Philip S. Sassower and Lawrence I. Schneider.


OPINION

LEVAL, District Judge.

Schedule 13D, Item 4, of the Securities Exchange Commission's Regulations requires reporting persons who have acquired the requisite amount of securities of the issuing corporation to state in their filing under Section 13D the purposes of the acquisition. Among the possible purposes that must be reported are

(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the...

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