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ONBANCORP, INC. v. HOLTZMAN

No. 96-CV-1700 (RSP/DNH).

956 F.Supp. 250 (1997)

ONBANCORP, INC., Plaintiff, v. Seymour HOLTZMAN, Defendant.

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

March 10, 1997.

Attorney(s) appearing for the Case

Bond, Schoeneck & King, LLP, Syracuse, NY (George H. Lowe, Edward R. Conan, of counsel), Skadden, Arps, Slate, Meagher & Flom, L.L.P., New York, NY (Jay B. Kasner, of counsel), for Plaintiff.

Elliott Reihner Siedzikowski & Egan, P.C., Scranton, PA (George A. Reihner, Mark J. Conway, of counsel), Carroll, Carroll, Davidson, Franklin & Young, Syracuse, NY (John Benjamin Carroll, of counsel), Richard L. Huffsmith, Wilkes-Barre, PA, for Defendant.

MEMORANDUM-DECISION AND ORDER

POOLER, District Judge.

INTRODUCTION

ONBANCorp, Inc. ("ONBANC" or "the bank"), a bank holding company, has accused Seymour Holtzman, a substantial shareholder, of improper proxy solicitation in violation of Section 14(a) of the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. § 78n(a). In the motion presently before me, ONBANC requests a preliminary injunction ordering Holtzman to (1) make corrective...

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