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HOMAC, INC. v. DSA FINANCIAL CORP.

Civ. A. No. 87-CV-70142-DT.

661 F.Supp. 776 (1987)

HOMAC, INCORPORATED, a Delaware corporation, Plaintiff and Counter-Defendant, v. DSA FINANCIAL CORPORATION, a Texas corporation and Tangent Corporation, a Texas corporation, Defendants and Counter-Plaintiffs. and DSA FINANCIAL CORPORATION, a Texas corporation and Tangent Corporation, a Texas corporation, Third Party Plaintiffs, v. James W. DRAPER, an individual, Kenneth A. Neal, an individual, Samuel Hechtman, an individual, James E. Brophy, an individual, Harold E. Cross, an individual, Thomas O. Mayberry, an individual, and Anthony V. Pieroni, an individual, jointly and severally, Third Party Defendants.

United States District Court, E.D. Michigan, S.D.

March 23, 1987.

Attorney(s) appearing for the Case

Philip J. Kessler, Justin G. Klimko, Michael J. Lavoie, Susan P. Carino, Detroit, Mich., for Homac, Inc.

Daniel F. Berry, Michael A. Nedelman, James E. Romzek, James A. Simpson, Birmingham, Mich., for DSA.

Robert Chandler, G.R. Poehner, Bruce K. Thomas, Dallas, Tex., for Tangent Corp.

MEMORANDUM OPINION AND ORDER

JULIAN ABELE COOK, Jr., District Judge.

Plaintiff, Homac Incorporated, has filed a Motion for Preliminary Injunction in an effort to prevent Defendant, Tangent Corporation, from becoming a majority shareholder and exercising control in Homac. Plaintiff primarily seeks to enjoin DSA Financial Corporation from selling 797,679 shares of Homac common stock to Tangent. Homac contends that this alleged sale is invalid because it possesses...

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