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Business Associations Keyed to Bainbridge
Levin v. Metro-Goldwyn-Mayer, Inc.
Citation:
264 F.Supp. 797 (S.D.N.Y.1967)Facts
Plaintiff, Philip Levin, is and has been a director of Metro-Goldwyn-Mayer, Inc (MGM) since February 1965 and all of the plaintiffs hold substantial blocks of MGM common stock. The present action flows from a conflict for corporate control between present management. Plaintiffs complain of the manner, method and means employed by defendants in the solicitation of proxies for the coming annual meeting of MGM stockholders. Specially, plaintiffs charged that the defendants, in connection with the proxy solicitation contest, have wrongfully committed MGM to pay for the services of specially retained attorneys, a public relations firm and proxy soliciting organizations, and have improperly used the offices and employees of MGM in proxy solicitation to secure support for the present management.
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