Fleming v. Gray Manufacturing Company

RULING ON PLAINTIFFS’ APPLICATION FOR INJUNCTIVE RELIEF

ZAMPANO, District Judge.

In this breach of contract action, the plaintiffs, in order to secure satisfaction of any judgment which may be entered, seek an order to attach the capital stock owned by the defendants in several subsidiary and affiliated corporations.

I

Plaintiffs, William J. Fleming and his three children, were former stockholders of Circle Steel Partition Co., Inc. (“Circle Steel”), a New York corporation. On May 25, 1970, the defendant, The Gray Manufacturing Company (“Gray”) and the defendant Gray Circle, Inc. (“Gray Circle”),…