Legal Opinion

Tbk Partners, Ltd. v. Western Union Corporation, Frances D. Spier, Objectors-Appellants

Court of Appeals for the Second Circuit

Decided March 18, 1982No. 375, Docket 81-7523PublishedCited by 182 opinions

1Opinion of the Court

NEWMAN, Circuit Judge:

This is an apjjeal from a judgment of the District Court for the Southern District of New York (Milton Pollack, Judge), approving the settlement of a consolidated shareholder class and derivative action involving a dispute over a century-old lease. In 1882, the Gold and Stock Telegraph Company (“Gold & Stock”) leased its entire private telegraph business to the Western Union Telegraph Company (“Western Union”) for a period of 99 years in return for annual payments to Gold & Stock’s shareholders. Over the years, Western Union acquired 95.3% of Gold & Stock’s 50,000…

2Cases cited23 opinions

  1. City of Detroit v. Grinnell Corporation, Manhattan-Ward, Incorporated v. Grinnell Corporation, 1225 Vine Street Building, Inc. v. Grinnell CorporationCourt of Appeals for the Second Circuit · 1974
  2. Cotton v. HintonCourt of Appeals for the Fifth Circuit · 1977
  3. Railway Co. v. Whitton's AdministratorSupreme Court of the United States · 1872
  4. Rush PETTWAY Et Al., Plaintiffs-Appellants, v. AMERICAN CAST IRON PIPE COMPANY, a Corporation, Defendant-AppelleeCourt of Appeals for the Fifth Circuit · 1978
  5. Fed. Sec. L. Rep. P 93,547 Arthur Newman v. Howard M. Stein, and Morrie Benson and Rose Lerman, Objectants-AppellantsCourt of Appeals for the Second Circuit · 1972

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3Cited by182 opinions

  1. In Re: The Prudential Insurance Company Of America Sales Practices LitigationCourt of Appeals for the Third Circuit · 1998
  2. Wal-Mart Stores, Inc. v. Visa U.S.A. Inc.Court of Appeals for the Second Circuit · 2005
  3. Matsushita Electric Industrial Co. v. EpsteinSupreme Court of the United States · 1996
  4. Fed. Sec. L. Rep. P 98,755, Fed. Sec. L. Rep. P 99,074 William B. Weinberger v. James C. Kendrick, Charles M. CoyneCourt of Appeals for the Second Circuit · 1983
  5. Sullivan v. DB Investments, Inc.Court of Appeals for the Third Circuit · 2011

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