EDITH H. JONES, Circuit Judge:
An injunction procured by material misrepresentation may not be sustained. The circumstances in this case demonstrate that Coastal has not sought equitable relief with clean hands. We therefore vacate the district court's injunction against the commencement of parallel litigation in any other court.
I.
On Friday, January 13, 1989, Coastal's management tentatively decided to embark on a hostile tender offer at $42 per...
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