Fed. Sec. L. Rep. P 98,783 Anthony A. Sutter v. E. B. Groen and Naomi Groen
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
The complaint in this federal securities case alleges that the plaintiff, Sutter, owns 70 percent of the common stock of Happy Radio, Inc., a corporation whose only significant asset (apart from the capital contributed by its shareholders) is an agreement with the defendants, Mr. and Mrs. Groen, the sole shareholders of Bret Broadcasting Corporation, to purchase all of the Groens’ stock in Bret Broadcasting over a 12-year period, during which Happy Radio has the right to manage Bret. The complaint alleges that the Groens overstated Bret Broadcasting’s earnings in order…
2Cases cited16 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Fed. Sec. L. Rep. P 95,614 the Exchange National Bank of Chicago v. Touche Ross & Co.Court of Appeals for the Second Circuit · 1976
- Marine Bank v. WeaverSupreme Court of the United States · 1982
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- Yoder v. Orthomolecular Nutrition Institute, Inc.Court of Appeals for the Second Circuit · 1985
- Jim Long v. Shultz Cattle Company, Incorporated, an Oklahoma Corporation, and William B. ShultzCourt of Appeals for the Fifth Circuit · 1989
- Gould v. RuefenachtSupreme Court of the United States · 1985
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