Wachsman v. Tobacco Products Corporation

JONES, Circuit Judge.

The plaintiffs, as stockholders of Tobacco Products Corporation of Delaware 1 (hereinafter referred to as “Delaware Products”) in behalf of themselves and of other like stockholders similarly situated filed a complaint in the United States District Court for the District of New Jersey against Tobacco Products Corporation of New Jersey 2 (hereinafter referred to as “New Jersey Products”) seeking to enjoin New Jersey Products from abandoning a certain claim against the United States for a tax refund and further seeking the appointment of a receiver for New Jersey Products…