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SILVERS v. TTC INDUSTRIES, INC.

No. 72-1291.

484 F.2d 194 (1973)

Sylvia SILVERS et al., Appellants, v. TTC INDUSTRIES, INC., a New York corporation, et al., Appellees.

United States Court of Appeals, Sixth Circuit.

Decided September 10, 1973.

Rehearing Denied October 30, 1973.

Attorney(s) appearing for the Case

John S. McLellan, Kingsport, Tenn., for appellants; D. Bruce Shine, Ferguson & Shine, Kingsport, Tenn., on brief.

Dick L. Johnson, Johnson City, Tenn., for appellees; Simmonds, Herndon, Johnson, Coleman, Brading & McKee, Johnson City, Tenn., on brief.

Before EDWARDS and CELEBREZZE, Circuit Judges, and WELLFORD, District Judge.

WELLFORD, District Judge.

Plaintiffs-appellants in this complex litigation filed suit on October 29, 1969, in the Chancery Court in Unicoi County, Tennessee, seeking rescission of a reorganization plan which had become effective on January 14, 1969, respecting Armstrong Glass Co., Inc., (hereinafter referred to as Armstrong) a Tennessee corporation, then engaged in the manufacture of flat glass and glass specialty items at Erwin, Tennessee. The appellants, members...

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