Legal Opinion

Kemos, Inc. And Rohm and Haas Company v. I. Walton Bader

Court of Appeals for the Fifth Circuit

Decided January 20, 1977No. 75-2178, 75-2179PublishedCited by 11 opinions

1Opinion of the Court

RONEY, Circuit Judge:

Plaintiffs brought these Georgia diversity suits in the district court seeking a declaratory judgment to resolve a claim that was being asserted against them by defendant under a stock option agreement. By summary judgment and dismissal of counterclaims, the district court held that defendant had no valid claim. We affirm.

The issues in the case revolve around a complete sale of assets by a corporation with which defendant had a stock option agreement. In 1973 Polaris Carpet Mills, Inc., for legal services, gave Attorney Bader an option to purchase 100,000 shares of…

2Cases cited3 opinions

  1. Carswell v. National Exchange BankSupreme Court of Georgia · 1927
  2. Mobley v. Hagedorn Construction Co.Supreme Court of Georgia · 1929
  3. Austin Co. v. Smith Co.Supreme Court of Georgia · 1912

3Cited by11 opinions

  1. Bud Antle, Inc. v. Eastern Foods, Inc.Court of Appeals for the Eleventh Circuit · 1985
  2. MacMillan Bloedel Limited and MacMillan Bloedel, Inc. v. The Flintkote CompanyCourt of Appeals for the Fifth Circuit · 1985
  3. Budd Tire Corp. v. Pierce Tire Co.Court of Appeals of North Carolina · 1988
  4. Engel v. Teleprompter Corp.Court of Appeals for the Fifth Circuit · 1983
  5. Morgan v. Cavalier Acquisition Corp.Court of Appeals of North Carolina · 1993

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