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POLAKOFF v. DELAWARE STEEPLECHASE AND RACE ASS'N

Civ. A. No. 3011.

264 F.Supp. 915 (1966)

Harold POLAKOFF and Paul Leahy, Plaintiffs, v. The DELAWARE STEEPLECHASE AND RACE ASSOCIATION, now or formerly a Delaware corporation et al., Defendants.

United States District Court D. Delaware.

December 28, 1966.

Attorney(s) appearing for the Case

Cohen, Morris and Rosenthal, Wilmington, Del., for plaintiffs, Irving Morris, J. A. Rosenthal, Wilmington, Del., of counsel.

Morris, Nichols, Arsht & Tunnell, Wilmington, Del., for all defendants except Harry W. Lunger, James M. Tunnell, Jr., Richard L. Sutton, William S. Megonigal, Jr., Wilmington, Del., of counsel.

Prickett & Prickett, Wilmington, Del., for defendant Harry W. Lunger, Richard I. G. Jones, Wilmington, Del., of counsel.

BARTELS, District Judge.*

Plaintiffs' original action was in the form of a class action, pursuant to old Rule 23(a), Fed.Rules Civ.Proc., 28 U.S.C.A., for the rescission of the sale of certain shares of stock of The Delaware Steeplechase and Race Association (Steeplechase) and also for the rescission of a subsequent Delaware short-form merger, alleging a violation of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. §...

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