Treadway Companies, Inc. v. Care Corp.

KEARSE, Circuit Judge:

Treadway Companies, Inc. (“Treadway”) and five of its directors appeal from judgments of the United States District Court for the Southern District of New York, Gerald L. Goettel, Judge, entered in favor of Care Corporation (“Care”), two of its directors, and Daniel Cowin, in this action *360arising out of a struggle for control of Treadway. The complaint, filed by Tread-way after Care had acquired nearly 31% of Treadway’s common stock, including a large block purchased from Cowin, alleged that Cowin had conspired with Care and others to seize control of Treadway by unlawful…