Legal Opinion
Shermer v. Baker
Court of Appeals of Washington
Decided June 11, 1970No. 53-40589-2PublishedCited by 31 opinions
1Opinion of the CourtPetrie, J.
Prior to November, 1966, defendants, Elton Baker and Letha Baker, his wife, owned 2,128 shares (80.67 per cent) of the common stock of Olympic Telephone Company, Inc.; and plaintiffs, Earl Shermer and Etta Shermer, his wife, owned 228 shares (8.64 per cent). On November 11, 1966, Shermer sold his stock, through Baker, to the corporation for $10,000 ($43.86 per share). Slightly more than 3 months later, Baker executed an option agreement (subsequently exercised by the grantee) for the sale of his shares' of stock for $600,000 ($281.95 per share).
In June, 1967, Shermer instituted this action…
2Cases cited14 opinions
- Fischman v. Raytheon Mfg. Co.Court of Appeals for the Second Circuit · 1951
- Kardon v. National Gypsum Co.District Court, E.D. Pennsylvania · 1946
- Walter J. Kohler v. Kohler Co., a Corporation, Herbert v. Kohler, Ernst & Ernst, a Partnership, and Paul F. JohnsonCourt of Appeals for the Seventh Circuit · 1963
- Royal Air Properties, Inc., a Corporation, Harold L. Heathman and Madge I. Heathman v. R. Philip SmithCourt of Appeals for the Ninth Circuit · 1962
- Manuel M. Ellis v. Victor Carter, Etc.Court of Appeals for the Ninth Circuit · 1961
9 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Hilton v. MumawCourt of Appeals for the Ninth Circuit · 1975
- Kittilson v. FordWashington Supreme Court · 1980
- Clausing v. DeHartWashington Supreme Court · 1973
- Eleanor DOUGLASS, Appellee, v. GLENN E. HINTON INVESTMENTS, INC., a Corporation, AppellantCourt of Appeals for the Ninth Circuit · 1971
- Reeves v. TeuscherCourt of Appeals for the Ninth Circuit · 1989
26 more not listed; retrieve them via the Exa API.