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HECCO VENTURES v. AVALON ENERGY CORP.

85 Civ. 2438 (RWS).

606 F.Supp. 512 (1985)

HECCO VENTURES and Paul O. Koether, Plaintiffs, v. AVALON ENERGY CORP., Tri-South Investments, Inc., and Deltec Panamerica, S.A., Defendants.

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

April 11, 1985.

Attorney(s) appearing for the Case

Koether Harris & Hoffman, New York City, Kohn, Milstein, Cohen & Hausfeld, Washington, D.C., for plaintiffs; Natalie I. Koether, Mathew E. Hoffman, New York City, Herbert E. Milstein, Steven J. Toll, Lisa M. Mezzetti, Washington, D.C., of counsel.

Sullivan & Cromwell, New York City, for defendant Avalon Energy Corp.; Robert J. Katz, David B. Tulchin, Richard R. Howe, Theodore O. Rogers, Jr., Hyman L. Schaffer, David H. Kagan, New York City, of counsel.

Weil, Gotshal & Manges, New York City, for defendant Tri-South Inv., Inc.; Dennis J. Block, Nancy E. Barton, Joseph S. Allerhand, Sanford F. Remz, Marjorie L. Cohen, New York City, of counsel.

OPINION

SWEET, District Judge.

Plaintiffs Hecco Ventures ("Hecco") and Paul O. Koether ("Koether") (collectively "Hecco") brought this action on March 29, 1985 charging defendants Avalon Energy Corp. ("Avalon"), Tri-South Investments Inc. ("Tri-South") and Deltec Panamerica S.A. ("Deltec") with violations of the Securities Exchange Act of 1934 in connection with the solicitation of proxies by the boards of directors of Avalon and Tri-South for approval of...

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