Legal Opinion
Humana, Inc. v. American Medicorp, Inc.
District Court, S.D. New York
Decided December 28, 1977No. 77 Civ. 4809PublishedCited by 20 opinions
1Opinion of the Court
LASKER, District Judge.
On September 27, 1977, Humana advised Medicorp by letter that it intended to make an offer to acquire up to 75% of the outstanding shares of Medicorp on the basis of an exchange of cash and securities. The offer constituted a clear premium over the then market price of Medicorp stock. Very shortly after receipt of Humana’s letter the Medicorp Board of Directors resolved that the offer was not advantageous to its stockholders and informed them to this effect. There has followed a spate of litigation including this action alleging that Medicorp has made material…
2Cases cited5 opinions
- Piper v. Chris-Craft Industries, Inc.Supreme Court of the United States · 1977
- Electronic Specialty Co. v. International Controls Corp.Court of Appeals for the Second Circuit · 1969
- GAF Corp. v. MilsteinCourt of Appeals for the Second Circuit · 1971
- Applied Digital Data Systems Inc. v. Milgo Electronic Corp.District Court, S.D. New York · 1977
- Crane Co. v. American Standard, Inc.District Court, S.D. New York · 1977
3Cited by20 opinions
- Simon Debartolo Group, L.P., Gordon Altman Butowsky Weitzen Shalov & Wein v. The Richard E. Jacobs Group, Inc., and New England Development, Inc.Court of Appeals for the Second Circuit · 1999
- Mobil Corp. v. Marathon Oil Co.Court of Appeals for the Sixth Circuit · 1981
- Fed. Sec. L. Rep. P 96,823 Crane Company v. American Standard, Inc. And Blyth & Co., Inc.Court of Appeals for the Second Circuit · 1979
- Crane Co. v. Harsco Corp.District Court, D. Delaware · 1981
- Weeks Dredging & Contracting, Inc. v. American Dredging Co.District Court, E.D. Pennsylvania · 1978
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