CHRIS-CRAFT INDUSTRIES, INC., Plaintiff,
v.
INDEPENDENT STOCKHOLDERS COMMITTEE et al., Defendants.
United States District Court, D. Delaware.https://leagle.com/images/logo.png
January 16, 1973.
January 16, 1973.
Attorney(s) appearing for the Case
Robert K. Payson, of Potter, Anderson & Corroon, Wilmington, Del. and Stephen M. Axinn, Stuart L. Shapiro and David J. Olesker, of Skadden, Arps, Slate, Meagher & Flom, New York City, of counsel, for plaintiff.
Stuart B. Young, of Young, Conaway, Stargatt & Taylor, Wilmington, Del. and Theodore R. Mann, Barry E. Ungar and Steven E. Angstreich, of Mann & Ungar, Philadelphia, Pa., of counsel, for defendants, Independent Stockholders Committee, Richard O. Kelly, David Cohen, Richard R. Balsbaugh, Andrew Schnell, Jr., Barry Lichtman, Lowell Harmon Duggan, William M. Duke and John P. Bates.
John R. Bowman, of Connolly, Bove & Lodge, Wilmington, Del., for defendant, James Hinz.
Edward B. Maxwell, 2nd, of Young, Conaway, Stargatt & Taylor, Wilmington, Del. and Carl F. Goodman and Michael Nussbaum, of Surrey, Karasik & Morse, Washington, D. C., of counsel, for defendants, Rafael Benitez, Abe Pollin and Willard Long Thorp.
United States District Court, D. Delaware.
OPINION
LATCHUM, District Judge.
This action arose out of a battle for corporate control between the management of Chris-Craft Industries, Inc. ("management") and a dissident group known as the Independent Stockholders Committee1 (the "Committee"). Both sides allege that the proxy materials sent by their opponents to Chris-Craft shareholders in connection with the solicitation of proxies for the 1972 Annual Shareholders Meeting...
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