SHARON STEEL CORP. v. WHALAND

No. 80-333.

121 N.H. 607 (1981)

SHARON STEEL CORPORATION & a. v. FRANK E. WHALAND.

Supreme Court of New Hampshire.

July 2, 1981.


Attorney(s) appearing for the Case

Devine, Millimet, Stahl & Branch P.A., of Manchester, and Shearman & Sterling, of New York (Danforth Newcomb & a. on the brief and Mr. Newcomb orally), for the plaintiffs.

Gregory H. Smith, attorney general (Andrew R. Grainger, assistant attorney general, & a. on the brief and Mr. Grainger orally), for the defendant.

Hamblett & Kerrigan P.A., of Nashua, and Davis Polk & Wardwell, of New York (Steven F. Goldstone & a. on the brief and Mr. Goldstone orally), for the intervenor, Nashua Corporation.

William H. Shaheen, United States Attorney for the District of New Hampshire (James J. Junewicz, special counsel, & a. on the brief and Mr. Junewicz orally), for the Securities and Exchange Commission, as amicus curiae.


LAMPRON, C.J. (ret.)

This is an interlocutory transfer to this court without ruling of an appeal from a decision of the insurance commissioner to the superior court under section 12 of RSA ch. 421-A (Supp. 1979), this State's "Security Takeover Disclosure Act" (act).

The plaintiffs are Sharon Steel Corporation (Sharon), organized under Pennsylvania law with its principal place of business in Ohio, and Summit Systems, Inc. (Summit), organized under Delaware...

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