Word: boreman
(lookup in dictionary)
(lookup stats)
Dates: during 1954-1954
Sort By: most recent first
(reverse)
...deal under which Promoter Frederick W. Richmond would buy out the town's major employer, Follansbee Steel Corp., and sell the mill and inventories to Republic Steel Corp. for dismantling and shipment down South (TIME, Sept. 27; Nov. 8). At the last minute, Federal District Judge Herbert S. Boreman stepped in. He declared last week that the Follansbee stockholders vote approving the deal was null and void on the ground that Follansbee management had omitted vital facts and figures from its proxy statement. Then Cleveland's Financier Cyrus Eaton appeared on the scene...