Zellerbach reinstated a suit against Goldsmith.

The paper and forest products company moved to reinstate the lawsuit after Sir James Goldsmith resumed buying Crown Zellerbach shares. Goldsmith’s move followed the company’s adoption of a restructuring plan with which he disapproves. In late May, Zellerbach agreed to the election of Goldsmith to its board under an agreement that ended his takeover bid for the firm. The suit, filed in U.S. District Court in New York, sought to prohibit further open-market purchases of Zellerbach’s stock by Goldsmith and a ruling that all such purchases since April 26 were illegal. Goldsmith acknowledged in a filing with the SEC that he had increased his holding to 43% of firm’s stock, and a spokesman said this has since risen to about 46%.