Legal Opinion
Danaher Corp. v. Chicago Pneumatic Tool Co.
District Court, S.D. New York
Decided May 13, 1986No. 86 Civ. 2357 (PNL), 86 Civ. 2448 (PNL) and 86 Civ. 2893 (PNL)PublishedCited by 5 opinions
1Opinion of the Court
LEVAL, District Judge.
FACTS
On April 9, 1986, the Secretary of Labor brought this action seeking removal of Thomas F. Latimer as trustee of the em ployee stock ownership plan (“ESOP”) of Chicago Pneumatic Tool Co. (“CP”) and the appointment of a receiver. At the time there was pending before the court Danaher Corporation’s action and motion seeking rescission of CP’s transfer of one million shares of its stock to its ESOP. The Labor Department’s motion for a temporary restraining order was heard on Thursday morning, April 10 at 9:00 a.m., at which time the court entered its ruling denying the…
2Cases cited4 opinions
- Charles W. Leigh and Ervin F. Dusek, Etc., and George Johnson, Intervening v. Clyde William EngleCourt of Appeals for the Seventh Circuit · 1984
- Donovan v. BierwirthCourt of Appeals for the Second Circuit · 1982
- Norlin Corp. v. Rooney, Pace Inc.Court of Appeals for the Second Circuit · 1984
- Jackson v. ConlandSupreme Court of Connecticut · 1979
3Cited by5 opinions
- Newton v. Van OtterlooDistrict Court, N.D. Indiana · 1991
- Alan Halperin v. Mark RichardsCourt of Appeals for the Seventh Circuit · 2021
- Shoen v. AmercoDistrict Court, D. Nevada · 1994
- Central Trust Co., N.A. v. American Avents Corp.District Court, S.D. Ohio · 1989
- Walsh v. Northrop Grumman Corp.District Court, E.D. New York · 1994