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COFMAN v. ACTON CORP.

No. 91-1847.

958 F.2d 494 (1992)

Morris COFMAN, et al., Plaintiffs, Appellants, v. ACTON CORPORATION, et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided March 6, 1992.

Attorney(s) appearing for the Case

Robert S. Groban, Jr. with whom Asher Fensterheim, David S. Poppick and Fink Weinberger P.C. were on brief, for plaintiffs, appellants.

Laura Steinberg with whom Cynthia M. Clarke and Sullivan & Worcester were on brief, for defendants, appellees.

Before TORRUELLA, Circuit Judge, ALDRICH and BOWNES, Senior Circuit Judges.

ALDRICH, Senior Circuit Judge.

Twelve partnerships, hereinafter Partnerships,1 having equal claims against defendant Acton Corporation,2 engaged in settlement negotiations of a prior suit. Acton offered $60,000; ($5,000 apiece); Partnerships countered with $180,000, and Acton responded with $120,000. Partnerships were agreeable to $120,000 if there were an added "sweetener," and suggested stock warrants, but...

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