Legal Opinion
Neuberger Berman Real Estate Income Fund, Inc. v. Lola Brown Trust No. 1B
District Court, D. Maryland
Decided October 28, 2004No. CIV. AMD 04-3056PublishedCited by 5 opinions
1Opinion of the Court
AMENDED MEMORANDUM OPINION
DAVIS, District Judge.
This securities case involves a partial tender offer by two trusts intended to effect the acquisition of just over 50% of the outstanding shares of an investment company, and the investment company’s defensive actions taken in response, including its board’s resolution opting in to the Maryland Control Share Acquisition Act (“MCSAA”) and the board’s adoption of a “poison pill.” Defendants/counter-claimants Lola Brown Trust No. IB and Ernest Horejsi Trust No. IB (collectively, “the Trusts”), and Badlands Trust Company, as trustee of the Trusts,…
2Cases cited2 opinions
- Providence & Worcester Co. v. BakerSupreme Court of Delaware · 1977
- Georgia-Pacific Corp. v. Great Northern Nekoosa Corp.District Court, D. Maine · 1990
3Cited by5 opinions
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- Neuberger Berman Real Estate Income Fund, Inc. v. Lola Brown Trust No. 1BDistrict Court, D. Maryland · 2004
- First Citizens Bancshares, Inc. v. Ks Bancorp, Inc.North Carolina Business Court · 2018
- Neuberger Berman Real Estate Income Fund, Inc. v. Lola Brown Trust No. 1BDistrict Court, D. Maryland · 2007
- Saba Capital CEF Opportunities 1, Ltd. v. Nuveen Floating Rate Income FundDistrict Court, S.D. New York · 2022