Pomierski v. W. R. Grace & Co.

MEMORANDUM OPINION

DECKER, District Judge.

This is an action in three counts brought by a warrant holder in Walnut Grove Products, Inc., an Iowa corporation. Defendant W. R. Grace & Co. is a Connecticut corporation which purchased the assets and assumed the liabilities of Walnut Grove. Walnut Grove is a small company engaged principally in the manufacture of livestock and poultry feeds, while the Grace Co. is much larger and widely diversified. The central issue involved here is whether or not the purchase of Walnut Grove’s assets terminated plaintiff’s right to exercise his warrants.

On July…