Legal Opinion

Stilwell v. Office of Thrift Supervision

Court of Appeals for the D.C. Circuit

Decided July 7, 2009No. 08-1259PublishedCited by 42 opinions

1Opinion of the Court

Opinion for the Court filed by Circuit Judge KAVANAUGH.

KAVANAUGH, Circuit Judge.

A new Office of Thrift Supervision regulation allows subsidiaries of mutual holding companies to limit their minority shareholders to 10% of the subsidiary’s total minority stock. The idea is to prevent activist minority investors from taking advantage of voting rules that require a majority of the minority shareholders to approve management stock benefit plans. OTS was concerned that large minority stockholders would leverage their voting power so as to unduly interfere in certain areas of corporate governance —…

2Cases cited8 opinions

  1. Lujan v. Defenders of WildlifeSupreme Court of the United States · 1992
  2. Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
  3. Motor Vehicle Mfrs. Assn. of United States, Inc. v. State Farm Mut. Automobile Ins. Co.Supreme Court of the United States · 1983
  4. Bowman Transportation, Inc. v. Arkansas-Best Freight System, Inc.Supreme Court of the United States · 1975
  5. Clinton v. City of New YorkSupreme Court of the United States · 1998

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3Cited by42 opinions

  1. State v. Equal Emp't Opportunity Comm'nCourt of Appeals for the Fifth Circuit · 2019
  2. South Carolina Public Service Authority v. Federal Energy Regulatory CommissionCourt of Appeals for the D.C. Circuit · 2014
  3. American Great Lakes Ports Association v. Karl SchultzCourt of Appeals for the D.C. Circuit · 2020
  4. Creighton Meland v. Shirley WeberCourt of Appeals for the Ninth Circuit · 2021
  5. Owner-Operator Independent Drivers Ass'n v. Federal Motor Carrier Safety AdministrationCourt of Appeals for the Seventh Circuit · 2011

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