Legal Opinion
Mark H. Berens v. Eugene A. Ludwig, Comptroller of the Currency, and Marquette Bank, N.A., as Successor in Interest to Marquette Bank Shakopee, N.A.
Court of Appeals for the Seventh Circuit
Decided November 17, 1998No. 97-3545PublishedCited by 8 opinions
1Opinion of the Court
POSNER, Chief Judge.
Mark Berens was a minority shareholder in Marquette Bank Shakopee, a national bank. The bank’s majority shareholder (a bank holding company) decided to consolidate the bank with several other banks that the company owned to form Marquette Bank. The terms of the consolidation required minority shareholders to surrender their shares in exchange for a cash payment based on the company’s valuation of the shares. The company fixed that value at $12,071 per share (Berens owned 33 shares). Berens thought this too little and invoked his right under 12 U.S.C. § 215(d) to have the…
2Cases cited14 opinions
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- In the Matter of Oil Spill by the Amoco Cadiz Off the Coast of France on March 16, 1978Court of Appeals for the Seventh Circuit · 1992
- Boone v. Carlsbad Bancorporation, Inc.Court of Appeals for the Tenth Circuit · 1992
- Barbour v. MerrillCourt of Appeals for the D.C. Circuit · 1995
- Gustav E. Beerly, Trustee of the Gustav E. Beerly Trust v. Department of the TreasuryCourt of Appeals for the Seventh Circuit · 1985
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3Cited by8 opinions
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- Great Lakes Warehouse Corporation, Petitioner/cross-Respondent v. National Labor Relations Board, Respondent/cross-PetitionerCourt of Appeals for the Seventh Circuit · 2001
- United States v. HatfieldDistrict Court, E.D. New York · 2011
- Checkers Eight Limited Partnership v. La-Van HawkinsCourt of Appeals for the Seventh Circuit · 2001
- Checkers Eight v. Hawkins, La-VanCourt of Appeals for the Seventh Circuit · 2001
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