Legal Opinion
Harry Lewis v. Al Knutson
Court of Appeals for the Fifth Circuit
Decided February 28, 1983No. 81-1463PublishedCited by 122 opinions
1Opinion of the Court
INGRAHAM, Circuit Judge:
This appeal arises from a shareholder derivative suit filed on behalf of Contran, Inc., alleging that the Inside Defendants— the officers and directors of Contran, the target company — breached a fiduciary duty by opposing a tender offer by Outside Defendants — the principals of Danco, Inc., the tender offeror — and that both the Inside and Outside Defendants breached a fiduciary duty by entering into a settlement agreement that wasted Contran assets. The district court determined that since a hostile tender offeror owed no fiduciary duty to a target company or its…
2Cases cited44 opinions
- Warth v. SeldinSupreme Court of the United States · 1975
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Village of Arlington Heights v. Metropolitan Housing Development Corp.Supreme Court of the United States · 1977
- Bell v. HoodSupreme Court of the United States · 1946
- Simon v. Eastern Kentucky Welfare Rights OrganizationSupreme Court of the United States · 1976
39 more not listed; retrieve them via the Exa API.
3Cited by122 opinions
- Gentilello v. RegeCourt of Appeals for the Fifth Circuit · 2010
- Jacqueline P. Taylor v. Federal Deposit Insurance Corporation and Ricki Helfer, Chairman, FdicCourt of Appeals for the D.C. Circuit · 1997
- Burlington Coat Factory Warehouse Corporation v. Esprit De Corp. And Federated Department Stores, Inc.Court of Appeals for the Second Circuit · 1985
- Nowak v. Ironworkers Local 6 Pension FundCourt of Appeals for the Second Circuit · 1996
- Nowak v. Ironworkers Local 6 Pension FundCourt of Appeals for the Second Circuit · 1996
117 more not listed; retrieve them via the Exa API.