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AMALGAMATED SUGAR CO. v. NL INDUSTRIES, INC.

No. 86 Civ. 5010 (VLB).

667 F.Supp. 87 (1987)

The AMALGAMATED SUGAR CO., LLC Corp., LN Partnership and NL Acquisition Corp., Plaintiffs, v. NL INDUSTRIES, INC., et al., Defendants.

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

March 18, 1987.

Attorney(s) appearing for the Case

Thomas A. Gottschalk, Daniel F. Attridge, and Yosef J. Riemer, Kirkland & Ellis, Washington, D.C., James K. Leader, Townley & Updike, New York City, for plaintiffs.

Irving Malchman, Kaufman Malchman Kaufman & Kirby, New York City, for Richard Rothenberg.

John G. Rainey, Jr., Dorsey & Whitney, New York City, for defendants.

ORAL DECISION

VINCENT L. BRODERICK, District Judge.

The plaintiffs seek a permanent injunction. They seek to enjoin the prosecution in Rothenberg v. The Amalgamated Sugar Company, New Jersey Superior Court, Chancery Division, of the question as to whether the adoption by the board of directors of NL Industries, Inc., of a preferred share purchase rights plan was ultra vires as a matter of New Jersey law...

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