Legal Opinion

Kennecott Corp. v. Smith

Court of Appeals for the Third Circuit

Decided December 17, 1980No. 80-2696PublishedCited by 123 opinions

1Opinion of the Court

OPINION OF THE COURT

ADAMS, Circuit Judge.

This appeal from a denial of a motion for a preliminary injunction in a hotly contested tender offer battle presents the important question whether the New Jersey takeover law is preempted by the Williams Act, 15 U.S.C. § 78m(d)-(e), 78n(d)-(f), and SEC Rule 14d-2(b) promulgated thereunder. The issue of federal court deference to state proceedings under the doctrines of Pullman and Younger abstention is also a factor in this appeal. We hold that we are not precluded by these abstention doctrines from granting relief, and that the district court erred…

2Cases cited28 opinions

  1. Younger v. HarrisSupreme Court of the United States · 1971
  2. United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
  3. Railroad Comm'n of Tex. v. Pullman Co.Supreme Court of the United States · 1941
  4. Hagans v. LavineSupreme Court of the United States · 1974
  5. Hines v. DavidowitzSupreme Court of the United States · 1941

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3Cited by123 opinions

  1. Dennis v. HigginsSupreme Court of the United States · 1991
  2. Apple Computer, Inc., a California Corporation v. Franklin Computer Corporation, a Pennsylvania CorporationCourt of Appeals for the Third Circuit · 1983
  3. Kershner v. MazurkiewiczCourt of Appeals for the Third Circuit · 1982
  4. United States v. PriceCourt of Appeals for the Third Circuit · 1982
  5. Blue Sky L. Rep. P 71,762, Fed. Sec. L. Rep. P 98,822 Martin-Marietta Corporation v. Bendix Corporation, United Technologies v. Bendix CorporationCourt of Appeals for the Sixth Circuit · 1982

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