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AMERICAN HARDWARE CORP. v. SAVAGE ARMS CORP.

135 A.2d 725 (1957)

The AMERICAN HARDWARE CORPORATION, a Connecticut corporation, and B. S. F. Company, a Delaware corporation, Plaintiffs, v. SAVAGE ARMS CORPORATION, a Delaware corporation, Defendant.

Court of Chancery of Delaware, New Castle.

November 7, 1957.

Attorney(s) appearing for the Case

S. Samuel Arsht and William S. Megonigal, Jr., of Morris, Steel, Nichols & Arsht, Wilmington, for plaintiffs.

Aaron Finger, of Richards, Layton & Finger, Wilmington, and Edward K. Bachman, of Kelley, Drye, Newhall & Maginnes, New York City, for defendant.

SEITZ, Chancellor.

This is the decision on plaintiffs' application for a restraining order. By their complaint and supplemental complaint plaintiffs, stockholders of defendant, seek the following relief at this time:

1. To enjoin the defendant from voting or using any of the proxies obtained in a response to a solicitation mailed its stockholders about October 30, 1957.

2. To enjoin defendant from transacting any business at the special meeting called...

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