Holthusen v. Edward G. Budd Mfg. Co.

BARD, District Judge.

This matter arises on defendant’s application to dissolve an injunction restraining it from granting certain proposed options to specified executive and administrative employees.

The case was originally before me on plaintiff’s motion for a preliminary injunction prohibiting defendant from enacting, attempting to enact, or permitting its shareholders to vote upon a proposed new article to the by-laws of the defendant authorizing its board of directors to grant the options in question, on the ground that such a by-law was illegal, and on defendant’s motion to dismiss the…