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GENERAL ACQUISITION, INC. v. GenCORP, INC.

No. 92-4043.

23 F.3d 1022 (1994)

GENERAL ACQUISITION, INC., et al., Plaintiffs, v. GenCORP, INC., Defendant-Appellant, Shearson Lehman Brothers, Inc., Defendant-Appellee, Wagner & Brown, et al., Defendants.

United States Court of Appeals, Sixth Circuit.

Decided May 6, 1994.

Attorney(s) appearing for the Case

Melvin D. Weinstein, Shelby M. Steger, Thomas W. Hill (argued and briefed), O. Judson Scheaf, III, Emens, Hurd, Kegler & Ritter, Columbus, OH, for GenCorp, Inc.

James E. Pohlman (argued and briefed), Daniel W. Costello, Rex H. Elliott, Porter, Wright, Morris & Arthur, Columbus, OH, Elizabeth S. Stong, Willkie, Farr & Gallagher, New York City, for Shearson Lehman Bros., Inc.

Before: KEITH and NORRIS, Circuit Judges; and ENGEL, Senior Circuit Judge.

ENGEL, Senior Circuit Judge.

This case involves General Acquisition, Inc.'s attempted hostile takeover of Appellant GenCorp, Inc., in March, 1987. Having successfully resisted General Acquisition's overture, GenCorp's directors now seek to hold Appellee Shearson Lehman Brothers, Inc., liable for allegedly disclosing confidential information in conjunction with the takeover bid.1 Although GenCorp has not yet established any wrongdoing on...

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