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JOSEPH E. SEAGRAM & SONS, INC. v. ABRAMS

No. 81 Civil 1419 (MP).

510 F.Supp. 860 (1981)

JOSEPH E. SEAGRAM & SONS, INC. and Jes Developments, Inc., Plaintiffs, v. Robert ABRAMS, Attorney General of the State of New York, Orestes J. Milhaly, Director of the Securities Bureau of the Department of Law of the State of New York and St. Joe Minerals Corporation, Defendants.

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

March 25, 1981.

Attorney(s) appearing for the Case

Simpson, Thacher & Bartlett, New York City, for plaintiffs; Roy L. Reardon, Melvyn L. Cantor, David Chapnick, and Charles E. Koob, New York City, of counsel.

Robert Abrams, Atty. Gen., State of New York, New York City, for defendants Abrams and Milhaly; Eugene D. Berman, and Linda S. Martinson, Asst. Attys. Gen., New York City, of counsel.

Wachtell, Lipton, Rosen & Katz, New York City, for defendant St. Joe Minerals Corporation; Martin Lipton, George A. Katz, and Lawrence P. Pedowitz, New York City, and Debevoise, Plimpton, Lyons & Gates, Asa Rountree, New York City, of counsel.

MILTON POLLACK, District Judge.

An application is presented for a temporary restraining order incident to a further application for a temporary and ultimately preliminary injunction sought against a proposed offer by St. Joe described in a news release issued on March 24, 1981.

The directors of St. Joe have announced that they are prepared to sell off its assets and, failing this, to destroy the charter of the...

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