CarrAmerica Realty v. Kaidanow, Joseph

Opinion for the court filed PER CURIAM.

This supplemental opinion addresses an issue raised by the plaintiffs’ petition for rehearing of our decision in CarrAmerica v. Kaidanow, 321 F.3d 165 (D.C.Cir.2003). There we held that a technical error made by the board of directors in issuing conversion shares rendered the resulting shares voidable rather than void and the defendants’ claims were barred by the equitable doctrine of estoppel. Additionally, we found that the board had properly ratified the shares after they were issued. See id. at 166. Therefore, we reversed the district court and…