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COLE v. SCHENLEY INDUSTRIES, INC.

Nos. 1278, 1279, 1280, Dockets 77-7125, 77-7126 and 77-7139.

563 F.2d 35 (1977)

Dorothy L. COLE, Lois H. Zisook, Harry W. Voege, and Anna May Tunmore, as Trustees, Samuel Greenfield Fund, Inc. and Harold Stiller and Mildred Stiller, as joint tenants, Plaintiffs, Dorothy L. Cole, Harry W. Voege, and Anna May Tunmore, as Trustees, and Harold Stiller and Mildred Stiller, as joint tenants, Plaintiffs-Appellants, v. SCHENLEY INDUSTRIES, INC., Glen Alden Corporation, Rapid-American Corporation, Isidore A. Becker, Bernard Goldberg, Paul A. Johnston, David A. Chernow, Walter O. Heinze, Howard Feldman, Milo B. Hopkins, Russell G. Smith, Albert N. Greenfield, Meshulam Riklis, Glen Alden Subsidiary, Inc., P. J. Clifford, W. P. Johnson, S. Kittay, M. L. Mendell, L. C. Lane, G. H. Perkins and B. Denmark, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided September 9, 1977.

As Modified on Rehearing October 25, 1977.

Attorney(s) appearing for the Case

Herman Odell, New York City (Victor Brudney and John F. Zulack, New York City, of counsel), for plaintiff-appellant Cole.

Charles Trynin, New York City, for plaintiffs-appellants Voege and Tunmore.

Leon Silverman, New York City (Fried, Frank, Harris, Shriver & Jacobson, New York City, Simpson, Thacher & Bartlett, Rubin, Baum, Levin, Constant & Friedman, Milton B. Seasonwein, New York City, of counsel), for defendants-appellees.

Before SMITH and OAKES, Circuit Judges, and CARTER, District Judge.

J. JOSEPH SMITH, Circuit Judge:

This is an appeal from a final judgment entered in the United States District Court for the Southern District of New York, Richard Owen, Judge, dismissing a consolidated complaint challenging the merger of Schenley Industries, Inc. ("Schenley"), a subsidiary of Glen Alden Corporation ("Glen Alden"), with a wholly-owned subsidiary of Glen Alden. Appellants appeal from Judge Owen's decision after a nonjury trial on the issue of liability...

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