Litwin v. Oceanfreight, Inc.
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM & ORDER
PAUL A. ENGELMAYER, District Judge.
Plaintiff Joan Litwin (“Litwin”), on behalf of a putative class of holders of OceanFreight, Inc. (“OceanFreight”) common stock, has moved for a temporary restraining order and preliminary injunction enjoining a special shareholder meeting presently scheduled for November 3, 2011. The purpose of the shareholder meeting is to vote on a proposed transaction in which OceanFreight would be acquired by a subsidiary of defendant Dry-Ships, Inc. (“DryShips”). Under the transaction, each OceanFreight shareholder would receive, as consideration for…
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