Legal Opinion
Kaiser-Frazer Corp. v. Otis & Co.
Court of Appeals for the Second Circuit
Decided April 7, 1952No. 152, Docket 22113PublishedCited by 62 opinions
1Opinion of the Court
AUGUSTUS N. HAND, Circuit Judge.
On February 3, 1948, the plaintiff, Kaiser-Frazer Corporation, an automobile manufacturer, entered into a contract for the sale of 900,000 shares of its unissued common stock at $11.50 per share to Otis & Co., First California Company, and Allen & Co., securities underwriters, who in turn were to offer the stock for sale to the public at $13. per share. The purchasers were to take title to the stock severally, Otis and First California having agreed to purchase 337,500 shares each, and Allen & Co. to purchase the remaining 225,000 shares. The contract made the…
2Cases cited3 opinions
- Sola Electric Co. v. Jefferson Electric Co.Supreme Court of the United States · 1942
- Beasley v. Texas & Pacific Railway Co.Supreme Court of the United States · 1903
- E. E. Taenzer & Co. v. Chicago, R. I. & P. Ry. Co.Court of Appeals for the Sixth Circuit · 1911
3Cited by62 opinions
- Crane Co. v. Westinghouse Air Brake Co.Court of Appeals for the Second Circuit · 1969
- Ganino v. Citizens Utilities Co.Court of Appeals for the Second Circuit · 2000
- Ganino v. Citizens Utilities Co.Court of Appeals for the Second Circuit · 2000
- United States v. William C. FarrellCourt of Appeals for the D.C. Circuit · 1979
- David B. Dale v. Henry P. Rosenfeld, Doing Business Under the Firm Name and Style of Henry P. Rosenfeld Co., Samson Wallach and Abraham S. GechtmanCourt of Appeals for the Second Circuit · 1956
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