Clarkson Co. Ltd. v. Shaheen

OPINION AND ORDER

OWEN, District Judge.

Petitioner, The Clarkson Company Limited (“Clarkson”), seeks a preliminary injunction voiding a purchase agreement dated December 3, 1981, between Imafina S. A. (“Imafina”) and Macmillan Ring-Free Oil Company, Inc. (“Macmillan”), a public company engaged in the refining of petroleum products. Under the agreement in question, Macmillan agreed to transfer a quantity of its shares to Imafina in exchange for $1.8 million dollars (the “Imafina transaction”). Based upon the evidence adduced at a hearing held on January 14 and 18,1982,1 hereby grant the…