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WEBER v. CONTINENTAL MOTORS CORPORATION

69 Civ. 2963.

305 F.Supp. 404 (1969)

Arnold J. WEBER, on behalf of himself and all others similarly situated, Plaintiff, v. CONTINENTAL MOTORS CORPORATION and Teledyne, Inc., Defendants.

United States District Court S. D. New York.

August 11, 1969.

Attorney(s) appearing for the Case

Kreindler & Kreindler, New York City, and Lippe & Ruskin, Mineola, N. Y., for plaintiff, Stanley J. Levy, Paul M. Bernstein, New York City, Richard A. Lippe, Mineola, N. Y., of counsel.

Donovan, Leisure, Newton & Irvine, New York City, for defendants, George S. Leisure, Jr., Edward F. McCabe, William M. Kahn, New York City, of counsel.

MEMORANDUM

BONSAL, District Judge.

Plaintiff, a stockholder of defendant Continental Motors Corporation (Continental), a Virginia corporation, 62.2% of whose common stock is owned by the Ryan Aeronautical Corporation (Ryan), which in turn is wholly owned by defendant Teledyne, Inc. (Teledyne), commenced this action, on behalf of himself and all other minority stockholders of Continental, against Continental and Teledyne. On July 11, 1969, plaintiff moved...

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