Nomad Acquisition Corp. v. Damon Corp.

MEMORANDUM OF DECISION

ZOBEL, District Judge.

Plaintiff Nomad Acquisition Corporation 1 (“Nomad”) seeks declaratory and in-junctive relief restraining application by defendant Damon Corporation (“Damon”) of the powers granted under the statute entitled Regulation of Control Share Acquisitions of Foreign Corporation, Mass.Gen.L. ch. 110E (“the Act”) to shares of Damon stock owned or acquired by plaintiffs. 2 In their complaint, plaintiffs request a declaration that the Act is unconstitutional, an injunction prohibiting the defendant from exercising the powers granted under the Act, and costs and…