Legal Opinion
In Re the United Corporation
District Court, D. Delaware
Decided January 17, 1955No. Civ. 1650PublishedCited by 5 opinions
1Opinion of the Court
LEAHY, Chief Judge.
This is a suit by the Securities and Exchange Commission for approval and enforcement of a voluntary plan filed by the United Corporation under § 11(e) of the Public Utility Holding Company Act of 1935, 15 U.S.C.A. § 79 et seq., and approved by the SEC in 1951 which, among other things, cancels all United’s outstanding warrants to purchase 3,732,059 shares of its own common stock, with no compensation to the warrant holders. United’s transformation into a registered investment company will also be discussed. The Plan, as amended, was approved by order of the SEC on June 26,…
2Cases cited23 opinions
- Securities & Exchange Commission v. Central-Illinois Securities Corp.Supreme Court of the United States · 1949
- Otis & Co. v. Securities & Exchange CommissionSupreme Court of the United States · 1945
- Commonwealth & Southern Corp. v. Securities & Exchange CommissionCourt of Appeals for the Third Circuit · 1943
- Niagara Hudson Power Corp. v. LeventrittSupreme Court of the United States · 1951
- In Re United Gas CorporationDistrict Court, D. Delaware · 1944
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3Cited by5 opinions
- Matter of the United Corporation. Joseph B. Hyman, in No. 12151, Randolph Phillips, in Nos. 12157, 12158Court of Appeals for the Third Circuit · 1957
- Breswick & Co. v. United StatesDistrict Court, S.D. New York · 1956
- In re United Corp.Court of Appeals for the Third Circuit · 1956
- In re United Corp.District Court, D. Delaware · 1960
- Matter of the United Corporation. Appeal of Herbert M. Diamond, in No. 11627. Appeal of General Protective Committee for the Holders of Option Warrants of the United Corporation and Alfred A. Biddle, in No. 11645Court of Appeals for the Third Circuit · 1956