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F. & M. SCHAEFER CORP. v. C. SCHMIDT & SONS, INC.

Nos. 683, 736, Dockets 78-7621, 78-7648.

597 F.2d 814 (1979)

The F. & M. SCHAEFER CORPORATION and the F. & M. Schaefer Brewing Co., Plaintiffs-Appellees, v. C. SCHMIDT & SONS, INC. and Citibank, N.A., as Successor Trustee under Four Trust Agreements each dated December 28, 1944, made by Rudolph J. Schaefer, as Settlor, Defendants-Appellants.

United States Court of Appeals, Second Circuit.

Decided April 3, 1979.

Attorney(s) appearing for the Case

Patrick W. Kittredge, Philadelphia, Pa. (Alan M. Lerner, Joseph M. Donley, Cohen, Shapiro, Polisher, Shiekman & Cohen, Philadelphia, Pa., Arthur M. Handler, Leonard W. Wagman, Manuel W. Gottlieb, Vicki Z. Armet, Curtis V. Trinko, Golenbock & Barell, New York City, of counsel), for defendant-appellant C. Schmidt & Sons, Inc.

William B. Pennell, New York City (R. Bruce MacWhorter, Richard P. Lasko, Shearman & Sterling, New York City, of counsel), for defendant-appellant Citibank, N.A.

William R. Glendon, New York City (Guy C. Quinlan, William S. Greenawalt, James J. Maloney, Peter M. Dugre, Rogers & Wells, New York City, of counsel), for plaintiffs-appellees.

Before FRIENDLY, SMITH and MANSFIELD, Circuit Judges.

PER CURIAM:

C. Schmidt & Sons, Inc. and Citibank, N.A., appeal a decision of Judge Broderick granting appellees F. & M. Schaefer Corp. and F. & M. Schaefer Brewing Co. (collectively "Schaefer")1 preliminary relief enjoining appellants from executing an agreement entered into by them on April 3, 1978, for the purchase by Schmidt for $6 million2 from a trust administered by Citibank of subordinated...

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