POLYCAST TECHNOLOGY CORP. v. UNIROYAL, INC.

No. 87 Civ. 3297 (JMW).

728 F.Supp. 926 (1989)

POLYCAST TECHNOLOGY CORPORATION, Plaintiff, v. UNIROYAL, INC., CDU Holding, Inc., Joseph P. Flannery, John R. Graham, Alexander R. Castaldi, Donald L. Nevins, Jr., Robert Alvine, Alfred Weber, Clayton & Dubilier, Inc., Clayton & Dubilier Private Equity Limited Partnership, Clayton & Dubilier Associates Limited Partnership, Martin H. Dubilier, Joseph L. Rice III, and Alan R. Elton, Martin H. Dubilier, Joseph P. Flannery, John R. Graham, and Joseph L. Rice III as Trustees of CDU Holding, Inc. Liquidating Trust, Defendants. Alfred WEBER, Counterclaim-Plaintiff, v. POLYCAST TECHNOLOGY CORPORATION and Uniroyal Plastics Company, Inc., Counterclaim-Defendants.

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

November 21, 1989.


Attorney(s) appearing for the Case

John H. Hall, Daniel M. Abuhoff, Debevoise & Plimpton, New York City, for defendants.

Carey Ramos, Paul, Weiss, Rifkind, Wharton & Garrison, Sidney Stein, Stein, Zauderer, Ellenhorn, Frischer & Sharp, New York City, for plaintiff.

Andrew Goldwater, Friedman & Kaplan, New York City, for counterclaim-plaintiff.


OPINION

WALKER, District Judge:

This dispute arises from the allegedly fraudulent sale by defendant Uniroyal, Inc. ("Uniroyal") of its wholly owned subsidiary Uniroyal Plastics Company, Inc. ("Plastics") to plaintiff Polycast Technology Corporation ("Polycast"). In substance, Polycast alleges that in valuing and pricing the shares of Plastics and in consummating the transaction, it relied on materially misleading...

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