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BERNSTEIN v. SOMEKH

No. 77 Civ. 4135 (CHT).

452 F.Supp. 1373 (1978)

Marcia BERNSTEIN, Plaintiff, v. Herbert N. SOMEKH, Charles B. Yaffe, David N. David, Neil B. Persky, New PLHC Corp. and Parklane Hosiery Company, Inc., Defendants.

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

June 28, 1978.

Attorney(s) appearing for the Case

Abraham I. Markowitz, New York City, for plaintiff; David B. Shaev, New York City, of counsel.

Jacobs, Persinger & Parker, New York City, for defendants; Irving Parker, Joseph N. Salomon, Jeffrey I. Slonim, New York City, of counsel.

MEMORANDUM

TENNEY, District Judge.

In 1974 the plaintiff owned 200 shares of Parklane Hosiery Company, Inc. ("Parklane"), a publicly-held corporation the majority of whose shares were controlled by the defendant Herbert N. Somekh and certain members of his family. In that year plaintiff surrendered her shares for cash payment when Parklane "went private" pursuant to a plan of merger and stock repurchase. It was subsequently found in SEC v. Parklane Hosiery...

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