Legal Opinion
American Standard, Inc. v. Crane Co.
District Court, S.D. New York
Decided July 6, 1973No. Nos. 68 Civ. 2461, 68 Civ. 2389 and 68 Civ. 2446PublishedCited by 4 opinions
1Opinion of the Court
OPINION
ROBERT J. WARD, District Judge.
This motion by plaintiff American Standard, Inc. (“Standard’’) to dismiss defendant Crane Co.’s (“Crane”) counterclaim for damages resulting from alleged market manipulation of Westinghouse Air Brake Co. (“Air Brake”) shares by Standard, arises out of the following events and the litigation they produced.1 In June, 1967, Crane determined that Air Brake would be an attractive acquisition and began buying Air Brake stock on the open market. After purchasing a substantial number of shares, Crane proposed a merger of Air Brake into Crane. Air Brake rejected…
2Cases cited14 opinions
- Aetna Insurance v. Kennedy Ex Rel. BogashSupreme Court of the United States · 1937
- Olga Zdanok v. The Glidden Company, Durkee Famous Foods Division, Frank T. Alexander v. The Glidden Company, Durkee Famous Foods DivisionCourt of Appeals for the Second Circuit · 1964
- Mutual Shares Corporation, Spingarn Heine & Co., and Norte & Co. v. Genesco, Inc., and W. Maxey JarmanCourt of Appeals for the Second Circuit · 1967
- Crane Co. v. Westinghouse Air Brake Co.Court of Appeals for the Second Circuit · 1969
- Annette Heyman, Individually v. Robert S. KlineCourt of Appeals for the Second Circuit · 1972
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3Cited by4 opinions
- Nagarajan v. TerryCourt of Appeals of Tennessee · 2003
- Plummer v. General Electric Co.District Court, E.D. Pennsylvania · 1981
- Crane Co. v. American Standard, Inc.District Court, S.D. New York · 1980
- Govindaswamy Nagarajan v. Michael E. TerryCourt of Appeals of Tennessee · 2003