Legal Opinion
Vista Outdoor Inc. v. Reeves Family Trust
District Court, S.D. New York
Decided February 13, 2017No. 16 Civ. 5766PublishedCited by 8 opinions
1Opinion of the Court
OPINION AND ORDER
JED S. RAKOFF, U.S.D.J.
Why would the executives (and former principals) of a paddle-board division of a sports and recreation company cause the company to make a one-time $60,500 purchase of one million stickers that the executives themselves immediately attempted to repurchase from the company for approximately $4 million? The answer is that they thereby hoped to stick the company with a $10 million “earnout” payment to the executives, thus netting themselves a cool $6 million. Thanks, however, to the age-old doctrine of good faith and fair dealing, and similar legal…
2Cases cited14 opinions
- Clark County School District v. BreedenSupreme Court of the United States · 2001
- Gorman-Bakos v. Cornell Cooperative Extension of Schenectady CountyCourt of Appeals for the Second Circuit · 2001
- United States v. RigasCourt of Appeals for the Second Circuit · 2007
- Nielsen v. AECOM Technology Corp.Court of Appeals for the Second Circuit · 2014
- Bridgeway Corporation v. Citibank, Doing Business as Citicorp N.A.Court of Appeals for the Second Circuit · 2000
9 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Cheffers v. Ideagen Software Inc.District Court, D. Delaware · 2025
- Clarke v. TRIGO U.S.District Court, S.D. New York · 2023
- M&C Saatchi PR LLP v. Beer Frost, Inc.District Court, S.D. New York · 2019
- North America Photon Infotech, Ltd. v. ZoomInfo LLCDistrict Court, S.D. New York · 2021
- Nunez v. JPMorgan Chase Bank, N.A.District Court, S.D. New York · 2024
3 more not listed; retrieve them via the Exa API.