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INITIO, INC. v. HESSE

Civ. A. No. 79-219.

474 F.Supp. 312 (1979)

INITIO, INC., Plaintiff, v. John R. HESSE, William Frazier, Christopher D. Illick, Milton P. Brown, Richard O'R. Dowling, John P. Miller, John H. Gerbeth, Robert Fleming, Incorporated and American Garden Products, Inc., Defendants.

United States District Court, D. Delaware.

July 20, 1979.

Attorney(s) appearing for the Case

Irving Morris and Joseph A. Rosenthal of Morris & Rosenthal, P. A., Wilmington, Del., and Melvyn I. Weiss, Robert P. Sugarman, and Craig L. Tessler of Milberg, Weiss, Bershad & Specthrie, New York City, for plaintiff.

A. Gilchrist Sparks III of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., and James D. St. Clair, Jeffrey Rudman, John M. Westcott, Jr., and Richard Johnston of Hale & Dorr, Boston, Mass., for defendants John R. Hesse, William Frazier and American Garden Products.

Rodman Ward, Jr., Louis A. Goodman, and John H. Small of Skadden, Arps, Slate, Meagher & Flom, Wilmington, Del., for defendants Christopher D. Illick, Milton P. Brown, Richard O'R. Dowling, John P. Miller and John H. Gerbeth.

OPINION

LATCHUM, Chief Judge.

On May 9, 1979, Initio, Inc. ("Initio") commenced this action against American Garden Products1 ("AGP"), seven of the eight members of the Board of Directors of AGP2, and Robert Fleming, Incorporated ("Fleming"), an investment banking company. (Docket Item 1). Initio's complaint seeks an injunction prohibiting a public offering of securities pursuant to a preliminary...

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