Legal Opinion
Seigal v. Merrick
Court of Appeals for the Second Circuit
Decided December 14, 1978No. Nos. 141, 235, Dockets 77-7566, 77-7576PublishedCited by 26 opinions
1Opinion of the Court
GURFEIN, Circuit Judge:
Both the plaintiffs and the defendant-directors in two stockholder derivative actions brought on behalf of Twentieth Century-Fox Film Corp. (“Fox”) appeal from an order of the District Court (Hon. Constance Baker Motley, Judge) refusing approval of a stipulation of settlement under F.R.Civ.P. 23.1. The settlement that was disapproved by Judge Motley involved the granting of options, which were restricted in certain ways, to defendant-directors at a certain striking price, a consideration being paid for the options. The objectors attacked the settlement as illusory and…
2Cases cited15 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Coopers & Lybrand v. LivesaySupreme Court of the United States · 1978
- Catlin v. United StatesSupreme Court of the United States · 1945
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
- Weight Watchers of Philadelphia, Inc. v. Weight Watchers International, Inc.Court of Appeals for the Second Circuit · 1972
10 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Carson v. American Brands, Inc.Supreme Court of the United States · 1981
- In Re General Motors Corporation Engine Interchange LitigationCourt of Appeals for the Seventh Circuit · 1979
- UNITED STATES of America, Plaintiff-Appellant, v. CITY OF ALEXANDRIA Et Al., Defendants-AppelleesCourt of Appeals for the Fifth Circuit · 1980
- Plummer v. Chemical BankCourt of Appeals for the Second Circuit · 1982
- Seigal v. MerrickCourt of Appeals for the Second Circuit · 1980
21 more not listed; retrieve them via the Exa API.