Legal Opinion
Amanda Acquisition Corporation, Plaintiff-Appellant/cross-Appellee v. Universal Foods Corporation, Defendants-Appellees/cross-Appellants
Court of Appeals for the Seventh Circuit
Decided May 24, 1989No. 89-1581 and 89-1712PublishedCited by 54 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
States have enacted three generations of takeover statutes in the last 20 years. Illinois enacted a first-generation statute, which forbade acquisitions of any firm with substantial assets in Illinois unless a public official approved. We concluded that such a statute injures investors, is preempted by the Williams Act, and is unconstitutional under the dormant Commerce Clause. MITE Corp. v. Dixon, 633 F.2d 486 (7th Cir.1980). The Supreme Court affirmed the judgment under the Commerce Clause, Edgar v. MITE Corp., 457 U.S. 624, 643-46, 102 S.Ct. 2629, 2641-43, 73…
2Cases cited36 opinions
- Pike v. Bruce Church, Inc.Supreme Court of the United States · 1970
- Hillsborough County v. Automated Medical Laboratories, Inc.Supreme Court of the United States · 1985
- Exxon Corp. v. Governor of MarylandSupreme Court of the United States · 1978
- Larson v. ValenteSupreme Court of the United States · 1982
- Edgar v. Mite Corp.Supreme Court of the United States · 1982
31 more not listed; retrieve them via the Exa API.
3Cited by54 opinions
- The National Association for the Advancement of Colored People v. American Family Mutual Insurance CompanyCourt of Appeals for the Seventh Circuit · 1992
- National Paint & Coatings Association v. City of ChicagoCourt of Appeals for the Seventh Circuit · 1995
- John H. Johnson v. Georgia-Pacific CorporationCourt of Appeals for the Seventh Circuit · 1994
- Resolution Trust Corporation v. Henry ChapmanCourt of Appeals for the Seventh Circuit · 1994
- K-S Pharmacies, Inc. v. American Home Products CorporationCourt of Appeals for the Seventh Circuit · 1992
49 more not listed; retrieve them via the Exa API.