Legal Opinion
Bolt v. Merrimack Pharmaceuticals, Inc.
Court of Appeals for the Ninth Circuit
Decided September 11, 2007No. 05-16282PublishedCited by 8 opinions
1Opinion of the Court
O’SCANNLAIN, Circuit Judge:
We are called upon to interpret a corporation’s articles of organization to decide whether it has an obligation to redeem certain shares of its stock.
I
Albert D. Bolt owns 52,488 shares of Series A Redeemable Preferred Stock (“Series A Stock”) issued by Merrimack Pharmaceuticals, Inc. (“Merrimack”), a biotechnology company organized under the laws of Massachusetts. Bolt now wants to redeem those shares.
The relevant redemption provision of Merrimack’s Restated Articles of Organization provides:
At any time from and after December 31,1997, if the net worth of the…
2Cases cited11 opinions
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Joan C. Howard v. Everex Systems, Inc., Steven L.W. Hui Michael C.Y. Wong Wong's International (Holdings) Limited Gatcombe Corp. N.V.Court of Appeals for the Ninth Circuit · 2000
- Order of United Commercial Travelers of America v. WolfeSupreme Court of the United States · 1947
- Freelander v. G. & K. REALTY CORP.Massachusetts Supreme Judicial Court · 1970
- City of Haverhill v. George Brox, Inc.Massachusetts Appeals Court · 1999
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3Cited by8 opinions
- In Re Moneygram International, Inc. Securities LitigationDistrict Court, D. Minnesota · 2009
- Gate Guard Services L.P. v. PerezDistrict Court, S.D. Texas · 2014
- C. Brewer & Co. v. Hawaii Insurance Guaranty Ass'nHawaii Intermediate Court of Appeals · 2010
- Iovino v. AmTrust Financial Services, Inc.District Court, D. Nevada · 2024
- Masih v. Perrigo Company PLCDistrict Court, S.D. New York · 2020
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