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PAVLIDIS v. NEW ENGLAND PATRIOTS FOOTBALL CLUB, INC.

No. 83-1637.

737 F.2d 1227 (1984)

Helen H. PAVLIDIS, et al., Plaintiffs, Appellants, v. NEW ENGLAND PATRIOTS FOOTBALL CLUB, INC., et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided June 22, 1984.

Rehearing Denied June 22, 1984.

Attorney(s) appearing for the Case

Anthony Tarricone, Boston, Mass., with whom Camille F. Sarrouf, Sarrouf, Tarricone & Flemming, Boston, Mass., and Nathaniel S. Weiner, Norwood, Mass., were on brief, for plaintiffs, appellants.

James H. Carter, Jr., New York City, with whom Howard D. Burnett, Sullivan & Cromwell, New York City, George T. Finnegan, John D. Donovan, and Ropes & Gray, Boston, Mass., were on brief, for New England Patriots Football Club, Inc.

Richard E. Bachman, Boston, Mass., with whom Hale, Sanderson, Byrnes & Morton, Boston, Mass., were on brief, for William H. Sullivan, Jr., and Mary H. Sullivan.

Before COFFIN, BOWNES and BREYER, Circuit Judges.

COFFIN, Circuit Judge.

This suit arises out of a securities transaction in which William H. Sullivan, Jr., gained control of the New England Patriots Football Club (Patriots) by forming a separate corporation (New Patriots) and merging it with the old corporation. Plaintiffs are a class of stockholders who voted to accept the New Patriots' offer of $15.00 per share for their common stock in the Patriots corporation. They now claim that they were induced to accept...

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