1. Home
  2. Browse Decisions
  3. B.R.
  4. 141 B.R.
  5. 141 B.R. 815 (1992)
 

IN RE NEW YORK TRAP ROCK CORP.

Bankruptcy Nos. 90 B 21276-21286, 90 B 21334-21335, No. 92 Adv. 5200.

141 B.R. 815 (1992)

In re NEW YORK TRAP ROCK CORP., Lone Star Industries, Inc., et al., Debtors. LACOS LAND COMPANY, a Nevada corporation, Plaintiff, v. LONE STAR INDUSTRIES, INC., a Delaware corporation, Debtor and Debtor In Possession; and Metropolitan Life Insurance Company, a New York Mutual Insurance Company, Defendant.

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

July 17, 1992.

Attorney(s) appearing for the Case

Cleary, Gottlieb, Steen & Hamilton, New York City, for Lacos.

Proskauer Rose Goetz & Mendelsohn, New York City, for Defendant.

Wachtell, Lipton, Rosen & Katz, New York City, for Unsecured Creditors' Committee.

Weil, Gotshal & Manges, New York City, for Metropolitan Life Ins. Co.

Wilkie, Farr & Gallagher, New York City, for Equity Committee.

DECISION ON MOTION AND CROSS MOTION FOR SUMMARY JUDGMENT AND INJUNCTION

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The plaintiff's motion and the debtor's cross-motion for summary judgment in this adversary proceeding bring into focus several issues of corporate governance. The primary issue is whether or not the preferred shareholders' right to elect four directors due to the debtor's nonpayment of dividends reduces the number of directors the common shareholders...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases