Legal Opinion
Duman v. Crown Zellerbach Corp.
District Court, N.D. Illinois
Decided October 15, 1985No. 85 C 3286PublishedCited by 11 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
MORAN, District Judge.
This complaint is a ripple from a recent attempted takeover of defendant Crown Zellerbach Corporation (Crown). As a defense against that attempt Crown’s directors adopted a “poison pill” strategy. An unfriendly takeover would activate various shareholder rights, for example the right to buy $200 worth of stock in the surviving entity for $100, thus making the acquisition highly expensive. Crown also filed a lawsuit in the United States District Court in Nevada against the leaders of the takeover bid. The would-be acquisitors in turn sued Crown and its…
2Cases cited21 opinions
- Hishon v. King & SpaldingSupreme Court of the United States · 1984
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- Commodity Futures Trading Commission v. Jack W. SavageCourt of Appeals for the Ninth Circuit · 1980
- Knute Swanson v. American Consumer Industries, Inc., United States Cold Storage Corporation and Peoria Service CompanyCourt of Appeals for the Seventh Circuit · 1969
- Federal Deposit Insurance Corporation v. Citizens Bank & Trust Company of Park Ridge, IllinoisCourt of Appeals for the Seventh Circuit · 1979
16 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Young v. Colgate-Palmolive Co.Court of Appeals for the Seventh Circuit · 1986
- Morgan v. Kobrin Securities, Inc.District Court, N.D. Illinois · 1986
- Countryman Ex Rel. Upstate New York Pension & Retirement Fund v. Stein Roe & FarnhamDistrict Court, N.D. Illinois · 1987
- CRTF Corp. v. Federated Department Stores, Inc.District Court, S.D. New York · 1988
- Rouse Woodstock, Inc. v. Surety Federal Savings & Loan Ass'nDistrict Court, N.D. Illinois · 1986
6 more not listed; retrieve them via the Exa API.