Legal Opinion

Gregg v. U.S. Industries, Inc.

Court of Appeals for the Eleventh Circuit

Decided September 30, 1983No. Nos. 76-2107, 81-5956PublishedCited by 15 opinions

1Opinion of the Court

GODBOLD, Chief Judge:

In 1969 Gregg owned corporate businesses in Florida engaged in construction, sand mining, and design of dredging equipment. The businesses were hard pressed for working capital. August 27,1969 Gregg entered into an “Agreement and Plan of Reorganization” with U.S. Industries, Inc., a conglomerate, providing for a tax-free transfer of his companies to USI, for which Gregg would receive for the stock of his companies $3.5 million in common and preferred USI stock. Also, under the Agreement, as “further consideration,” Gregg could receive up to $6.5 million more in USI stock…

2Cases cited67 opinions

  1. Wood v. . Duff-GordonNew York Court of Appeals · 1917
  2. Joseph Martin, Jr., Delicatessen, Inc. v. SchumacherNew York Court of Appeals · 1981
  3. Kirke La Shelle Co. v. Paul Armstrong Co.New York Court of Appeals · 1933
  4. United States v. United States Smelting Refining & Mining Co.Supreme Court of the United States · 1950
  5. Fed. Sec. L. Rep. P 96,048 Milton E. Dupuy v. Clarence O. Dupuy, Jr.Court of Appeals for the Fifth Circuit · 1977

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3Cited by15 opinions

  1. Perry v. Stewart Title Co.Court of Appeals for the Fifth Circuit · 1985
  2. Union Mutual Life Insurance Company v. Chrysler Corporation, Union Mutual Life Insurance Company v. Chrysler Corporation, Appeal of Computer Systems of America, Inc., Union Mutual Life Insurance Company v. Chrysler CorporationCourt of Appeals for the First Circuit · 1986
  3. Perry v. Stewart Title Co.Court of Appeals for the Fifth Circuit · 1985
  4. Union Mutual Life Insurance v. Chrysler Corp.Court of Appeals for the First Circuit · 1986
  5. Mukamal v. BMO Harris Bank N.A. (In re Palm Beach Finance Partners, L.P.)United States Bankruptcy Court, S.D. Florida. · 2013

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