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BRITISH PRINT. & COM. v. HARCOURT BRACE JOVANOVICH

No. 87 Civ. 3766 (JFK).

664 F.Supp. 1519 (1987)

The BRITISH PRINTING & COMMUNICATION CORPORATION plc, Plaintiff, v. HARCOURT BRACE JOVANOVICH, INC., First Boston Corporation, First Boston Securities Corporation, Theodore M. Black, J. William Brandner, Ralph D. Caulo, Trammell Crow, Robert L. Edgell, Paul Gitlin, Marta Casals Istomin, Walter J. Johnson, Peter Jovanovich, William Jovanovich, Eugene J. McCarthy, Peter J. Ryan, Virginia B. Smith, Jack O. Snyder, and Michael B. Winston, Defendants.

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

July 24, 1987.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City (Dennis J. Block, Nancy E. Barton, Joseph S. Allerhand, H. Adam Prussin, Eric N. Landau, Myrna S. Levine, Donald E. McKnight, Jr., of counsel), for plaintiff The British Printing & Communication Corp. plc.

Fried, Frank, Harris, Shriver & Jacobson, New York City (Sheldon Raab, William McGuinness, Terrence A. Corrigan, Debra M. Torres, John A. Borek, Sandra Lipsman, Karen Morris, John Sullivan, Sheila G. Gruber, of counsel), for defendants Harcourt Brace Jovanovich, Inc. and certain individual defendants.

Sullivan & Cromwell, New York City (John L. Warden, Gandolfo v. DiBlasi, Norman Feit, Pressly M. Millen, Daryl A. Libow, of counsel), for defendants The First Boston Corp. and First Boston Securities Corp.

KEENAN, District Judge:

Introduction

Before the Court is a motion for an order pursuant to Fed.R.Civ.P. 65 enjoining the implementation of a recapitalization planned by a major publicly-owned corporation. Finding that the movant has failed to demonstrate irreparable injury and either a likelihood of success on the merits or a balance of hardships tipping decidedly in favor of the movant, the Court denies the motion. Having heard testimony at a hearing over...

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