Opinion ID: 1799426
Heading Depth: 2
Heading Rank: 8

Heading: Both Sides Prepare for Lawsuits.

Text: After the June 28th board meeting, President Leslie requested of Mr. Klein, the attorney, an opinion as to whether the management directors had grounds for a lawsuit and was advised in the affirmative. Before the next scheduled board meeting of July 29th, Mr. Leslie was shown a first draft of a complaint. On July 24th, Friedman received a copy of a proposed contract for the acquisition of Freeman Industries, which item had been placed upon the agenda for the upcoming board meeting of July 29th. However, just a few days prior to the scheduled board meeting, that is, on July 26th, Gulf, through its subsidiary G.A.L.C. Company, filed a complaint against Fenestra seeking to restrain it from entering into a contract for the acquisition of Freeman Industries. A preliminary restraining order was issued and a hearing on the order to show cause was made returnable one week from the filing of the lawsuit. The Gulf suit to restrain Fenestra was filed on Friday, July 26th, and promptly on Monday, July 29th, this particular action was filed by Fenestra against the numerous defendants named above. The cases were consolidated for trial and it was stipulated that the hearing on the orders to show cause issued in the cases would constitute a hearing on the merits. [2] With only a few breaks in between, the matter was heard almost continuously from September 3d through December 3d, 1963. There are approximately 5,000 pages of transcript made in proceedings below, and in this Court the record fills approximately 26 volumes, including exhibits. There are also nearly 700 pages of briefs.