Carret v. Western Nuclear, Inc.

TENNEY, District Judge.

Plaintiff Elisabeth O. Carret, a minority shareholder of Allied Nuclear Corporation (“Allied”), has moved this Court for an order preliminarily enjoining defendant Western Nuclear, Inc. (“Western”) from selling its 87% majority interest in Allied to Federal-American Partners (“Federal-American”). Allied, a Wyoming corporation, holds undeveloped uranium claims in that state. Western, a wholly-owned subsidiary of Phelps Dodge Corporation, expects to close the' sale of its shares in Allied on September 23, 1977. In return for those shares and for 37 mining claims owned by…