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ALBERT v. SALZMAN

41 A.D.2d 501 (1973)

Stanley Albert, Appellant, and M. Bruce Fine, Proposed Intervenor-Plaintiff, Appellant, v. Hal A. Salzman et al., Respondents, et al., Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

May 31, 1973.

Attorney(s) appearing for the Case

Donald N. Ruby of counsel (Robert M. Kornreich with him on the brief; Wolf, Popper, Ross, Wolf & Jones, attorneys), for appellant and proposed intervenor-appellant.

Henry P. Wasserstein of counsel (William R. Meagher and Michael H. Diamond with him on the brief; Skadden, Arps, Slate, Meagher & Flom, attorneys), for Hyman I. Katz and others, respondents.

Sheldon S. Lustigman of counsel (Bass & Ullman, attorneys), for Hal A. Salzman, respondent.

NUNEZ, J. P., KUPFERMAN, STEUER and CAPOZZOLI, JJ., concur.

STEUER, J.

Taking, as we must for the purposes of this motion, the allegations of the complaint to be true, the following facts appear.

Odell, Inc. was a Delaware corporation engaged in marketing certain brand products. Papercraft Corporation is a corporation engaged in the manufacture of various paper products. Both are publicly owned companies. Following negotiations in the fall of 1969 the boards of...

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