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GENERAL ELEC. CO. v. BUCYRUS-ERIE CO.

No. 81 Civ. 6360 (CES).

563 F.Supp. 970 (1983)

The GENERAL ELECTRIC COMPANY, p.l.c., The English Electric Company Limited, and Ruston & Hornsby Limited, individually and on behalf of Ruston-Bucyrus Limited, Plaintiffs, v. BUCYRUS-ERIE COMPANY and Ruston-Bucyrus Limited, Defendants.

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

January 28, 1983.

Attorney(s) appearing for the Case

Cravath, Swaine & Moore, New York City, for plaintiffs; David Boies, New York City, of counsel.

Milbank, Tweed, Hadley & McCloy, New York City, for defendants; William E. Jackson, New York City, of counsel.

MEMORANDUM DECISION

STEWART, District Judge:

Plaintiffs in this action are corporations organized under the laws of the United Kingdom. Ruston & Hornsby Limited ("Hornsby") was acquired by the English Electric Company in 1966, and English Electric, in turn, was acquired by General Electric in 1968. Collectively they will be referred to as "GEC."

GEC is the minority shareholder of defendant Ruston-Bucyrus ("Ruston"), likewise a British corporation...

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