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SHVETZ v. INDUSTRIAL RAYON CORPORATION

212 F.Supp. 308 (1960)

Roman SHVETZ, Bella Rector, Joseph Rector, Alexander Shvetz, on behalf of themselves and any other stockholders similarly situated, Plaintiffs, v. INDUSTRIAL RAYON CORPORATION et al., Defendants.

United States District Court S. D. New York.

April 27, 1960.

Attorney(s) appearing for the Case

Rosen & Rosen, New York City, for plaintiff; Alex L. Rosen, New York City, of counsel.

Rubino, Franken, Kramer, Bam & Nessen, New York City, for Industrial Rayon Corp.; Arthur B. Kramer and Carl J. Rubino, New York City, of counsel.

THOMAS F. MURPHY, District Judge.

Plaintiffs, minority stockholders of Industrial Rayon Corporation (Industrial), moved on April 26th for a temporary injunction that would prevent Industrial from proceeding with a special stockholders' meeting scheduled for April 29, 1960, in Cleveland, for the purpose of considering and voting on a proposal to adopt a merger agreement with Texas Butadiene & Chemical Corporation (TB & C).

The complaint was filed on...

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