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PITTSBURGH COKE & CHEMICAL CO. v. BOLLO

No. 71 C 305.

421 F.Supp. 908 (1976)

PITTSBURGH COKE & CHEMICAL COMPANY, Plaintiff, v. Louis J. BOLLO, Defendant.

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

October 18, 1976.

Attorney(s) appearing for the Case

Cahill Gordon & Reindel by Paul W. Williams, Floyd Abrams, New York City, for plaintiff.

Paul, Weiss, Rifkind, Wharton & Garrison by Allan L. Blumstein, Anthony M. Radice, Howard F. Jaeckel, New York City, for defendant.

MEMORANDUM OF DECISION

NEAHER, District Judge.

This is an action by Pittsburgh Coke & Chemical Company ("PCC")1 to recover from the defendant Louis J. Bollo ("Bollo") damages in the amount of $3,100,000, representing the larger portion of the consideration paid by PCC to him and other stockholders of Standard Aircraft Equipment Company ("Standard") to complete PCC's acquisition of a 97% controlling interest in

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