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GLOBE SLICING MACHINE CO. v. HASNER

223 F.Supp. 589 (1963)

GLOBE SLICING MACHINE CO., Inc. and Lewis Novoting, Plaintiffs, v. Rolf K. HASNER and Astrid Sivertsen, Defendants.

United States District Court S. D. New York.

November 19, 1963.

Attorney(s) appearing for the Case

Anthony F. Avallone, W. Nyack, N. Y., for plaintiffs.

Simpson, Thacher & Bartlett, New York City, for defendants, Richard Hawkins, Rogers M. Doering, New York City, of counsel.

THOMAS F. MURPHY, District Judge.

These are cross-motions for summary judgment. Jurisdiction is based on diverse citizenship and New York law is applicable.

The principal contested legal issue is whether the bylaws of the Globe Slicing Machine Company prohibiting the "sale or disposition" of shares of its capital stock without first giving the corporation or its other stockholders an opportunity to purchase are...

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