Legal Opinion
Independence Federal Savings Bank v. Bender
District Court, District of Columbia
Decided July 9, 2004No. CIV.A. 04-736(RMC)PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OPINION ON APPLICATION FOR PRELIMINARY IN-JUNCTIVE RELIEF AGAINST “POISON PILL”
COLLYER, District Judge.
Morton and Grace Bender (the “Benders”), as joint tenants, are the beneficial owners of 326,000 shares of common stock of Independence Federal Savings Bank (“Independence” or “Bank”), and thereby own approximately 21% of the outstanding stock of the Bank. In March 2004, the Bank’s Board of Directors unanimously voted to accept a bid from Carver Ban-corp, Inc. (“Carver”) to acquire the Bank for $21.00 cash per share. The Benders oppose the Carver acquisition. Mr. Bender wishes to…
2Cases cited5 opinions
- Washington Metropolitan Area Transit Commission v. Holiday Tours, Inc.Court of Appeals for the D.C. Circuit · 1977
- Serono Labs Inc v. Ferring Pharm. Inc.Court of Appeals for the D.C. Circuit · 1998
- Billie Davenport v. International Brotherhood of Teamsters, Afl-CioCourt of Appeals for the D.C. Circuit · 1999
- Adair v. EnglandDistrict Court, District of Columbia · 2002
- Pena v. Downey Savings & Loan, Ass'nDistrict Court, C.D. California · 1996
3Cited by5 opinions
- Independence Federal Savings Bank v. BenderCourt of Appeals for the D.C. Circuit · 2005
- Bender v. JordanDistrict Court, District of Columbia · 2006
- Bender v. JordanDistrict Court, District of Columbia · 2007
- Bender v. JordanDistrict Court, District of Columbia · 2008
- Independence Federal Savings Bank v. BenderDistrict Court, District of Columbia · 2004