LRC Electronics, Inc. (LRC) was a closely held corporation formed in 1964 which had been engaged in the manufacture of cable television components since 1970. Defendant is a merger and acquisition consulting firm. During the 1970's, the shareholders of LRC unsuccessfully attempted to sell the corporation. From 1977 to 1979, there were discussions between representatives of LRC and defendant regarding the possible representation of LRC by defendant. In December of 1979, LRC...
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