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BARBER-GREENE CO. v. WALCO NAT. CORP.

Civ. A. No. 77-52.

428 F.Supp. 567 (1977)

BARBER-GREENE COMPANY, a Delaware Corporation, Plaintiff, v. WALCO NATIONAL CORPORATION, a New York Corporation, and Frederick W. Richmond, Defendants.

United States District Court, District of Delaware.

March 14, 1977.

Attorney(s) appearing for the Case

Lewis S. Black, Jr., and Craig B. Smith, of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., for plaintiff; Wachtel, Lipton, Rosen & Katz, New York City, of counsel.

Aubrey B. Lank, of Theisen, Lank & Mulford, Wilmington, Del., for defendants; William J. Butler, Stanley Geller, and Gerald M. Kleinbaum, of Butler, Jablow & Geller, New York City, of counsel.

OPINION

CALEB M. WRIGHT, Senior District Judge.

Plaintiff, Barber-Greene Company, a Delaware corporation, filed a complaint on January 31, 1977 in the Court of Chancery of the State of Delaware against Walco National Corporation, a New York corporation, and Frederick Richmond. Plaintiff alleges that defendants have acquired more than 13.5% of the total outstanding common stock of Barber-Greene during the period from June 29, 1976 through January 28, 1977...

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