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SCHWARTZMAN v. TENNECO MANUFACTURING COMPANY

Nos. 16067, 16068.

375 F.2d 123 (1967)

Charles SCHWARTZMAN and Mary Schwartzman v. TENNECO MANUFACTURING COMPANY (Surviving Corporation After Merger of Cary Chemicals, Inc., With and Into Tenneco Manufacturing Company) and Tenneco Corporation. Hyman L. Rutman, Appellant. Jack PALLATZ v. TENNESSEE GAS TRANSMISSION COMPANY, Tenneco Manufacturing Company, Tenneco Corporation and Cary Chemicals, Inc. Hyman L. Rutman, Appellant.

United States Court of Appeals Third Circuit.

Decided March 31, 1967.

Attorney(s) appearing for the Case

Samuel Kalmanash, New York City (Hastings, Taylor & Willard, Dorsey & Dorsey, Wilmington, Del., on the brief), for appellant.

Henry M. Canby, Wilmington, Del. (Richard J. Abrams, Richards, Layton & Finger, Wilmington, Del., Leslie Kirsch, New York City, on the brief), for appellees Tenneco Mfg. Co. and Tennessee Gas Transmission Co.

Spencer Pinkham, New York City (S. Samuel Arsht, Morris, Nichols, Arsht & Tunnell, Irving Morris, David A. Drexler, Morris, Nichols, Arsht & Tunnell, Wilmington, Del., Colton & Pinkham, Milton Paulson, Abraham L. Pomerantz, Pomerantz, Levy, Haudek & Block, New York City, on the brief), for appellees Schwartzman and Pallatz.

Before HASTIE, FORMAN and SMITH, Circuit Judges.

OPINION OF THE COURT

PER CURIAM:

This appeal has been taken from a final order approving a compromise and settlement of certain litigation and dismissing the complaints accordingly. The original plaintiffs were minority stockholders of a corporation who believed that the corporation had been treated unfairly in certain intercorporate agreements and a subsequent merger. After considerable litigation the original plaintiffs joined in the proposed settlement...

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