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TRANS WORLD AIRLINES, INC. v. HUGHES

No. 61 Civ. 2324.

314 F.Supp. 94 (1970)

TRANS WORLD AIRLINES, INC., Plaintiff, v. Howard R. HUGHES, Hughes Tool Company and Raymond M. Holliday, Defendants.

United States District Court, S. D. New York.

June 10, 1970.

Attorney(s) appearing for the Case

Cahill, Gordon, Sonnett, Reindel & Ohl, New York City, for plaintiff; Dudley B. Tenney, Paul W. Williams, Immanuel Kohn, Marshall H. Cox, Jr., and Michael P. Tierney, New York City, of counsel.

Donovan, Leisure, Newton & Irvine and Chester C. Davis, New York City, for defendants Hughes Tool Co. and Raymond M. Holliday; Ralstone R. Irvine, James V. Hayes, Chester C. Davis, George S. Leisure, Jr., Mahlon F. Perkins, Jr., Lola S. Lea, David A. Wier, and Paul E. Goodspeed, New York City, of counsel.

METZNER, District Judge.

Defendants move for a stay of execution, pending appeal, of the judgment entered in favor of the plaintiff without posting the usual supersedeas bond. Practically speaking, defendant Hughes Tool Company (hereinafter called Toolco) is the party involved in this motion.

F.R.C.P. 62(d) provides that "When an appeal is taken the appellant by giving a supersedeas bond may obtain a stay subject to the exceptions contained in subdivision...

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