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DOMACO VENTURE CAPITAL FUND v. TELTRONICS SERV.

No. 580, Docket 76-7462.

551 F.2d 508 (1977)

DOMACO VENTURE CAPITAL FUND, a limited partnership, Plaintiff-Appellant, v. TELTRONICS SERVICES, INC., et al., Defendants, Teltronics Services, Inc., et al., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided February 17, 1977.

Attorney(s) appearing for the Case

J. L. Zivyak, New York City (Berman & Zivyak, New York City, of counsel), for plaintiff-appellant.

Dennis J. Block, New York City (James W. Quinn, Lynn H. Schafran, Weil, Gotshal & Manges, New York City, of counsel), for defendants-appellees.

Before MANSFIELD, GURFEIN and MESKILL, Circuit Judges.

PER CURIAM:

Domaco Venture Capital Fund ("Domaco") is a small, closed-end investment company organized as a New York limited partnership. Its sole general partner is Jack Polak, one of the principals in this lawsuit.

In January, 1973, Domaco purchased 500 shares of Teltronics Services, Inc. ("Teltronics") at $10 per share. The stock was part of a larger block of nearly 12,000 shares of Teltronics bought by Polak, corporations he controlled, and clients for...

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