Legal Opinion
Granada Investments, Inc. v. DWG Corp.
Court of Appeals for the Sixth Circuit
Decided April 30, 1992No. Nos. 91-3297, 91-3343, 91-3399, 91-3402 and 91-3407PublishedCited by 123 opinions
1Opinion of the Court
SUHRHEINRICH, Circuit Judge.
Granada Investments, Inc. offered DWG Corporation $572 million in an effort to merge the two companies. DWG declined the offer. What followed reflects both the complexity of securities lawsuits and the appetite for litigation exhibited by the parties.
Granada, beneficial owner of more than 5% of DWG’s issued and outstanding common stock, brought a derivative suit against DWG and its directors, including Victor Posner. Posner is Chairman of the Board, President and Chief Executive Officer, and controlling shareholder of DWG. After Granada’s complaint was twice…
2Cases cited9 opinions
- Hensley v. EckerhartSupreme Court of the United States · 1983
- Trustees v. GreenoughSupreme Court of the United States · 1882
- 29 Fair empl.prac.cas. 1473, 30 Empl. Prac. Dec. P 33,064 the Officers for Justice, and Jesse J. Byrd v. The Civil Service Commission of the City and County of San Francisco, United States of America v. The City and County of San FranciscoCourt of Appeals for the Ninth Circuit · 1982
- Raymond Alton Priddy, (88-1299) v. Asher B. Edelman, Martin Warshofsky v. Fruehauf Corporation, Raymond Alton Priddy, Objector-Appellant, (88-1867)Court of Appeals for the Sixth Circuit · 1989
- Armstrong v. Board of School DirectorsCourt of Appeals for the Seventh Circuit · 1980
4 more not listed; retrieve them via the Exa API.
3Cited by123 opinions
- International Union, United Automobile, Aerospace, & Agricultural Implement Workers of America v. General Motors Corp.Court of Appeals for the Sixth Circuit · 2007
- Bell Atlantic Corp. v. BolgerCourt of Appeals for the Third Circuit · 1993
- Lonardo v. Travelers Indemnity Co.District Court, N.D. Ohio · 2010
- Martha Vassalle v. Midland Funding LLCCourt of Appeals for the Sixth Circuit · 2013
- Charles T. Johnson v. NPAS Solutions, LLCCourt of Appeals for the Eleventh Circuit · 2020
118 more not listed; retrieve them via the Exa API.