Opinion ID: 1799426
Heading Depth: 2
Heading Rank: 3

Heading: The Brainin Group Sellers of Control.

Text: Harry Brainin was the manager of a joint venture consisting of approximately 80 persons who had acquired, several years prior to the Gulf group coming into the picture, a large amount of Fenestra stock. In this group were Brainin, Irving Taub, Irving Projansky, Dr. F.B. Kaiserman, and the Argus Capital Corporation, which corporation included as stockholders the four defendants named immediately above. It was this group, enlarged in number as the stock acquisitions grew, which sold the approximate 293,000 shares of Fenestra stock to G.A.L.C. Company (the Gulf subsidiary), constituting 46% of the shares outstanding, at a price in excess of $7,000,000, as will be more fully set forth below.