Chrysler Corp. v. Fedders Corp.
District Court, S.D. New York
1Opinion of the Court
OPINION
TENNEY, District Judge.
This action grows out of the sale to defendant Fedders Corporation (“Fedders”) of the Airtemp Division (“Airtemp”) of plaintiff Chrysler Corporation (“Chrysler”). On February 23, 1976, the parties entered into a 76-page agreement (the “Agreement”) which set out the numerous terms and conditions of the sale. Fedders was to purchase the assets of Airtemp, including stock in certain domestic and foreign subsidiaries of Chrysler, in exchange for the aggregate of the following: (a) $18,000,000; (b) 1,500,-000 shares of preferred stock, Series B, of Fedders; (c) a note…
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- Barquis v. Merchants Collection Assn.California Supreme Court · 1972
- Browning Debenture Holders' Committee v. Dasa Corp.Court of Appeals for the Second Circuit · 1977
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