Legal Opinion

E. I. Du Pont De Nemours & Co. v. Collins

Supreme Court of the United States

Decided June 16, 1977No. 75-1870PublishedCited by 123 opinions

1Opinion of the CourtChief Justice Burger

We granted certiorari1 in these cases to determine whether the Securities and Exchange Commission, in approving the merger of a closed-end investment company into an affiliate company, reasonably exercised its discretion under the Investment Company Act of 1940, 54 Stat. 789, as amended, 15 U. S. C. § 80a-l et seq. The Commission valued the investment company essentially on the basis of the market value of the securities which constituted substantially all of its assets rather than on the lower basis of its own outstanding stock..

The statutory scheme here is relatively straightforward.…

2Cases cited8 opinions

  1. Securities & Exchange Commission v. Chenery Corp.Supreme Court of the United States · 1947
  2. Pepper v. LittonSupreme Court of the United States · 1939
  3. Red Lion Broadcasting Co. v. Federal Communications CommissionSupreme Court of the United States · 1969
  4. Piper v. Chris-Craft Industries, Inc.Supreme Court of the United States · 1977
  5. Federal Trade Commission v. Mandel Bros.Supreme Court of the United States · 1959

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3Cited by123 opinions

  1. Luther D. Mullen v. Otis Bowen, Secretary of Health and Human Services, Richard G. Shepherd v. Otis Bowen, Secretary of Health and Human ServicesCourt of Appeals for the Sixth Circuit · 1986
  2. Nachman Corp. v. Pension Benefit Guaranty CorporationSupreme Court of the United States · 1980
  3. Dalton BAKER, Appellant, v. Margaret HECKLER, Secretary of Health & Human Services, AppelleeCourt of Appeals for the Eighth Circuit · 1984
  4. Haig v. AgeeSupreme Court of the United States · 1981
  5. Local 28 of the Sheet Metal Workers' International Ass'n v. Equal Employment Opportunity CommissionSupreme Court of the United States · 1986

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