Lefkowitz v. Cornell University

The plaintiff brings this action seeking a permanent injunction prohibiting the sale of the defendant, Cornell Aeronautical Laboratory, Inc. (CAL) to the defendant, EDP Technology, Inc. (EDP) or to any other purchaser, by the defendant, Cornell University (Cornell). The defendants, Cornell and CAL seek a judgment declaring that Cornell may, without restriction, dispose of CAL, or of any or all of the land, buildings, personal property and other facilities owned by CAL and dismissing the complaint. The defendant Cornell has agreed to sell the capital stock of CAL to the defendant EDP. Justice…