Legal Opinion
Seagoing Uniform Corp. v. Texaco, Inc.
District Court, S.D. New York
Decided January 24, 1989No. 84 Civ. 1730 (CBM)PublishedCited by 49 opinions
1Opinion of the Court
OPINION
MOTLEY, District Judge.
I. BACKGROUND
In 1984, the Bass defendants, a group of investors, purchased a large quantity of Texaco stock. Pursuant to the provisions of Section 13(d)(1) of the Securities Exchange Act of 1934, the Basses filed a Schedule 13(d) statement representing that the acquisition was solely for investment purposes. Soon thereafter, defendant Texaco announced it would repurchase the Bass stock at terms extremely favorable to the Bass investors. This series of events spawned numerous lawsuits brought by Texaco stockholders.
Plaintiff Seagoing Uniform Corp., a Texaco…
2Cases cited46 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Foman v. DavisSupreme Court of the United States · 1962
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Gulf Oil Corp. v. GilbertSupreme Court of the United States · 1947
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
41 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Keitt v. New York CityDistrict Court, S.D. New York · 2011
- Phillips v. Reed Group, Ltd.District Court, S.D. New York · 2013
- In Re MicroStrategy, Inc. Securities LitigationDistrict Court, E.D. Virginia · 2000
- 800-Flowers, Inc. v. Intercontinental Florist, Inc.District Court, S.D. New York · 1994
- Hernandez v. Graebel Van LinesDistrict Court, E.D. New York · 1991
44 more not listed; retrieve them via the Exa API.