Legal Opinion
Eliasen v. Green Bay & Western Railroad
District Court, E.D. Wisconsin
Decided January 22, 1982No. Civ. A. No. 80-C-1092PublishedCited by 4 opinions
1Opinion of the Court
DECISION AND ORDER
REYNOLDS, Chief Judge.
The plaintiff in this action, Axel N. Eliasen, sues as a holder of Class B Debentures in the Green Bay & Western Railroad Company (“GB&W”). The individual defendants, H. Weldon McGee, R. B. Wilson, John Winthrop, and Charles W. Cox II, were directors of the GB&W in November of 1977. The plaintiff alleges that the individual defendants breached their fiduciary duty to the holders of Class B Debentures by failing to act on an acquisition proposed *410by Itel Corporation (“Itel”) in a letter dated November 26, 1977. The plaintiff further alleges that Itel’s…
2Cases cited14 opinions
- Owen Equipment & Erection Co. v. KrogerSupreme Court of the United States · 1978
- Snyder v. HarrisSupreme Court of the United States · 1969
- Zahn v. International Paper Co.Supreme Court of the United States · 1973
- Eisen v. Carlisle & JacquelinCourt of Appeals for the Second Circuit · 1968
- Toucey v. New York Life InsuranceSupreme Court of the United States · 1941
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3Cited by4 opinions
- County of Suffolk v. Long Island Lighting Co.District Court, E.D. New York · 1989
- Coca-Cola Bottling Co. of Elizabethtown, Inc. v. Coca-Cola Co.District Court, D. Delaware · 1983
- Tilley v. TJX Companies, Inc.Court of Appeals for the First Circuit · 2003
- Elasen v. Green Bay & Western R. CoCourt of Appeals for the Seventh Circuit · 1983