Riggs Nat. Bank of Washington DC v. Allbritton

MEMORANDUM OPINION

NORMA HOLLOWAY JOHNSON, District Judge.

This matter is before the Court upon the motion of the plaintiff, Riggs National Bank of Washington, D. C., (“Riggs”) for a preliminary injunction, enjoining defendants Joe L. Allbritton, Pierce National Life Insurance Company (“Pierce”), University Bancshares, Inc. (“University”) and Perpetual Corporation (“Perpetual”) from continuing with or effectuating the cash tender offer for shares of Riggs stock heretofore commenced by defendant Allbritton, acquiring or attempting to acquire in any manner any shares of Riggs stock, and other…