David BROAD et al., Plaintiffs-Appellants,
v.
ROCKWELL INTRENATIONAL CORPORATION et al., Defendants-Appellees.
United States Court of Appeals, Fifth Circuit.https://leagle.com/images/logo.png
April 17, 1981.
April 17, 1981.
Attorney(s) appearing for the Case
John Andrew Martin, Dallas, Tex., Hugo L. Black, Jr., Thomas H. Seymour, Kenney, Nachwalter & Seymour, Miami, Fla., for plaintiffs-appellants.
Ernest E. Figari, Jr., Johnson, Swanson & Barbee, Dallas, Tex., Donald I. Strauber, Edwin D. Scott, Terry A. Thompson, John J. Kallaugher, Chadbourne, Parker, Whiteside & Wolff, New York City, for Rockwell Intern. Corp., Collins Radio Co., Anderson, Bateman, Booth, Willard F. Rockwell, Jr., Roodhouse, Beall, Cattoi, Fulgham, Martin, Erickson, Drick and Raff.
William B. West, III, Clark, West, Keller, Butler & Ellis, Dallas, Tex., for U. S. Trust Co. of New York.
John F. Egan, Curtis, Mallet-Prevost, Colt & Mosle, New York City, for U. S. Trust Co. of New York.
James K. Manning, Brown, Wood, Ivey, Mitchell & Petty, New York City, for Brown, Wood, Ivey, Mitchell & Petty.
William J. Fitzpatrick, Atty., New York City, for Securities Industry Assoc.
Stanley T. Kaleczyc, Jr., National Chamber Litigation Center, Inc., Washington, D. C., for Chamber of Commerce of U. S. A.
Leonard Joseph, Dewey, Ballentine, Bushby, Palmer & Wood, New York City, for Donaldson, Lufkin & Jenrett, Inc., et al.
William H. Smith, American Bankers Assoc., Washington, D. C., for American Bankers Assoc.
Before GODBOLD, Chief Judge, BROWN, COLEMAN, AINSWORTH, CHARLES CLARK, RONEY, GEE, TJOFLAT, HILL, FAY, RUBIN, VANCE, KRAVITCH, FRANK M. JOHNSON, Jr., GARZA, HENDERSON, REAVLEY, POLITZ, HATCHETT, ANDERSON, RANDALL, TATE, SAM D. JOHNSON, THOMAS A. CLARK, and WILLIAMS, Circuit Judges.
United States Court of Appeals, Fifth Circuit.
RANDALL, Circuit Judge:
This case, which is before us for rehearing en banc, turns on the construction of an indenture dated as of January 1, 1967 (the "Indenture"). The original parties to the Indenture were Collins Radio Company, an Iowa corporation ("Collins"), and The Chase Manhattan Bank (National Association), a national banking association ("Chase"). The Indenture governed the terms of $40,000,000 principal amount of 4 7/8% Convertible Subordinated Debentures...
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