David Brown Corp. v. Hewitt-Robins Inc.

Order, entered on December 28, 1964, unanimously reversed on the law, on the facts, and in the exercise of discretion, and the temporary injunction vacated as moot, without costs or disbursements to any party. Plaintiff David Brown Corporation (Brown) a stockholder of approximately 15% of the shares of Hewitt-Robins Inc. (Robins) sought to enjoin the issuance of 125,000 shares of stock issued by Robins and a proposed merger between Robins and Litton Industries, Inc. (Litton). Special Term enjoined Litton from voting 125,000 shares of common stock of Robins issued to it at a meeting called for…