Browning Debenture Holders' Committee v. Dasa Corp.
Court of Appeals for the Second Circuit
1Opinion of the Court
MANSFIELD, Circuit Judge:
This suit by certain holders of 6% convertible subordinated debentures 1 issued by DASA Corporation (DASA) and due in 1987 is based on alleged false and misleading statements and breaches of fiduciary duty in connection with proxy statements used by DASA for its 1972 annual meeting and a solicitation letter dated March 9, 1972, sent by DASA to the debenture holders requesting permission to sell certain DASA assets pursuant to the indenture under which the debentures were issued. Plaintiffs, a committee consisting of three debenture holders *1081plus two members suing…
2Cases cited25 opinions
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- Oliveri v. ThompsonCourt of Appeals for the Second Circuit · 1986
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