Legal Opinion
Saperstone v. Kapelow
District Court, S.D. New York
Decided January 31, 1968No. 67 Civ. 3262PublishedCited by 11 opinions
1Opinion of the Court
METZNER, District Judge.
This is a motion by defendants for transfer of venue to the Northern District of Texas under 28 U.S.C. § 1404(a).
Plaintiffs sue derivatively on behalf of American Hydrocarbon Corporation (American) and also on behalf of the class of shareholders of American similarly situated. Both actions are grounded upon an alleged violation of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j, SEC Rule 10b-5, and fiduciary duty and corporate opportunity principles. The operative facts center around American’s sale of its controlling interest in Intercontinental…
2Cases cited7 opinions
- Gulf Oil Corp. v. GilbertSupreme Court of the United States · 1947
- Koster v. (American) Lumbermens Mutual Casualty Co.Supreme Court of the United States · 1947
- Oil & Gas Ventures-First 1958 Fund, Ltd. v. KungDistrict Court, S.D. New York · 1966
- United States v. General Motors CorporationDistrict Court, S.D. New York · 1960
- Herbst v. AbleDistrict Court, S.D. New York · 1967
2 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Star Lines, Ltd. v. Puerto Rico Maritime Ship. A.District Court, S.D. New York · 1978
- Jones Knitting Corp. v. A. M. Pullen & Co.District Court, S.D. New York · 1970
- Levin v. Mississippi River CorporationDistrict Court, S.D. New York · 1968
- Fogel v. WolfgangDistrict Court, S.D. New York · 1969
- National Super Spuds, Inc. v. New York Mercantile ExchangeDistrict Court, S.D. New York · 1977
6 more not listed; retrieve them via the Exa API.