Legal Opinion
Santa Fe Industries, Inc. v. Green
Supreme Court of the United States
Decided March 23, 1977No. 75-1753PublishedCited by 1,210 opinions
1Opinion of the CourtJustice White
The issue in this case involves the reach and coverage of § 10 (b) of the Securities Exchange Act of 1934 and Rule 10b-51 thereunder in the context of a Delaware short-form *465merger transaction used by the majority stockholder of a corporation to eliminate the minority interest.
I
In 1936, petitioner Santa Fe Industries, Inc. (Santa Fe), acquired control of 60% of the stock of Kirby Lumber Corp. (Kirby), a Delaware corporation. Through a series of purchases over the succeeding years, Santa Fe increased its control of Kirby’s stock to 95%; the purchase prices during the period 1968-1973 ranged…
2Cases cited22 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Cort v. AshSupreme Court of the United States · 1975
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Pepper v. LittonSupreme Court of the United States · 1939
17 more not listed; retrieve them via the Exa API.
3Cited by1,210 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Patterson v. McLean Credit UnionSupreme Court of the United States · 1989
- ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
1,205 more not listed; retrieve them via the Exa API.