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BROWNING DEBENTURE HOLDERS' COMMITTEE v. DASA CORP.

No. 72 Civ. 1332.

357 F.Supp. 1010 (1972)

BROWNING DEBENTURE HOLDERS' COMMITTEE et al., Plaintiffs, v. DASA CORP et al., Defendants.

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

May 8, 1972.

Attorney(s) appearing for the Case

Maull & Soeiro, Bradley R. Brewer, New York City, for plaintiffs.

Jacobs, Persinger & Parker, Richard B. Persinger, New York City, for defendant DASA Corp.

Sullivan & Cromwell, by Edward W. Keane, New York City, for defendant Bank of N. Y.

MOTLEY, District Judge.

Memorandum Opinion and Order

Plaintiffs, owners of less than two percent of the outstanding debentures of defendant DASA Corporation (DASA), seek to preliminarily enjoin DASA from 1) selling part of its computer systems and leases, and 2) amending the indenture between DASA and the Bank of New York so as (a) to allow that sale and (b) to reduce the conversion price of the debentures...

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