Tyco Laboratories, Inc. v. Koppers Company, Inc.

Defendant Koppers Company, Inc. (Koppers) has appealed from the trial court’s order dismissing this action upon plaintiff Tyco’s Motion for Voluntary Dismissal filed pursuant to Rule 41(a)(2). Briefly, this action is one of many stemming from the efforts of competing investors to acquire Cutler-Hammer, Inc., through the purchase of its stock. After plaintiff Tyco had acquired a substantial equity interest in Cutler-Hammer through stock purchases in the open market, Cutler-Hammer allegedly negotiated a “friendly” sale of a special issue of stock to Koppers, in order to enable itself to defend…