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LORAL CORP. v. SANDERS ASSOCIATES, INC.

Civ. A. No. 86-296 MMS.

639 F.Supp. 639 (1986)

LORAL CORPORATION, a New York corporation, and LC Acquiring Corp., a Delaware corporation, Plaintiffs, v. SANDERS ASSOCIATES, INC., a Delaware corporation, and Charles M. Oberly, III, Attorney General of the State of Delaware, Defendants.

United States District Court, D. Delaware.

July 8, 1986.

Attorney(s) appearing for the Case

Thomas Reed Hunt, Jr., and Kenneth J. Nachbar, of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., for plaintiffs Loral Corp. and LC Acquiring Corp.

Donald L. Bruton, Securities Com'r, Office of the Atty. Gen., Wilmington, Del., for defendant Charles M. Oberly, III.

John Hall, of Debevoise & Plimpton, New York City, for defendant Sanders Associates, Inc.

OPINION ON STIPULATION

MURRAY M. SCHWARTZ, Chief Judge.

Plaintiffs in this takeover litigation, Loral Corporation ("Loral") and LC Acquiring Corporation ("LC"), seek to purchase ten million shares of the outstanding common stock of defendant Sanders Associates, Inc. ("Sanders"). Plaintiffs moved for a temporary restraining order enjoining Sanders and defendant Charles M. Oberly, Attorney General of the State...

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