HASTINGS-MURTAGH v. TEXAS AIR CORP.

No. 86-2328-Civ.

649 F.Supp. 479 (1986)

Elizabeth A. HASTINGS-MURTAGH, Daniel P. Murtagh, E.A.L. Employees Coalition Acquisition Corp., an Illinois Corporation, Charles E. Bryan, Robert V. Callahan, and Larry Schulte, Plaintiffs, v. TEXAS AIR CORPORATION, a Delaware corporation, Frank Lorenzo, Philip Bakes, Frank Borman, Joseph B. Leonard, Wayne A. Yeoman, Harry Hood Bassett, Peter O. Crisp, James A. Elkins, Jr., Karl Eller, John T. Fallon, Robert D. Lund, Enrique Madero, Thomas O. Paine, Wesley W. Posvar, Julian Scheer, Thomas R. Williams, David W. Wallace, Elmer L. Ward, Jr., Tac/Eal Acquisition, Inc., a Delaware corporation, Eastern Air Lines, Inc., a Delaware corporation, Defendants.

United States District Court, S.D. Florida, Miami Division.

November 24, 1986.


Attorney(s) appearing for the Case

George H. Tucker, Miami, Fla., for plaintiffs.

Greenberg, Traurig, Askew, Hoffman, Lipoff, Rosen & Quentel P.A., Miami, Fla., for defendants.


OPINION AND ORDER DENYING EMERGENCY APPLICATION FOR INJUNCTION

JAMES LAWRENCE KING, Chief Judge.

On November 10, 1985, this suit was brought by five individuals, derivatively on behalf of Eastern Air Lines, Inc., and by an employees' acquisition corporation, on its own behalf. The plaintiffs challenge a merger agreement between Eastern and Texas Air Corp. and allege violations of the Securities and Exchange Act. Plaintiffs Hastings-Murtagh and Murtagh are...

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