Grigsby v. CMI Corp.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
CYNTHIA HOLCOMB HALL, Circuit Judge:
This appeal presents the question of whether negotiations for the sale of a parent corporation were material to the sale of the minority shares of a subsidiary. The former holders of the minority shares have sued the parent corporation and others for failure to disclose the existence of the negotiations. The district court granted summary judgment for defendants. We affirm.
FACTS:
In 1979 appellants Calvin Grigsby, Michael Marek and James Valerio (collectively “plaintiffs”) operated CMI Financial Services, Inc. (“Financial Services”) which had been…
2Cases cited21 opinions
- United States v. Diebold, Inc.Supreme Court of the United States · 1962
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- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Leeke v. GordonSupreme Court of the United States · 1978
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