SELAS OF AMER. (NEDERLAND) N.V. v. SELAS CORP. OF AMER.

Civ. A. No. 73-1069.

365 F.Supp. 1382 (1973)

SELAS OF AMERICA (NEDERLAND) N.V. General Kinetics, B.V. v. SELAS CORPORATION OF AMERICA et al.

United States District Court, E. D. Pennsylvania.

September 27, 1973.


Attorney(s) appearing for the Case

Edwin P. Rome, Philadelphia, Pa., for plaintiffs.

David P. Bruton, Philadelphia, Pa, for defendants.


MEMORANDUM AND ORDER

HUYETT, District Judge.

Selas of America (Nederland) N.V. (SAN) was, prior to September 16, 1971, a wholly owned subsidiary of the defendant corporation, Selas Corporation of America (SCA). By a "Memorandum of Understanding" dated September 16, 1971, entered into between SCA and a group of "Key Employees" of SAN, SCA agreed to sell 60% of the SAN shares issued and outstanding to a new Dutch corporation to be organized by the "Key Employees...

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