Legal Opinion
Foltz v. U.S. News & World Report, Inc.
District Court, District of Columbia
Decided March 28, 1985No. Civ. A. 84-0447PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM OPINION
BARRINGTON D. PARKER, District Judge.
INTRODUCTION
This class action litigation arises from the sale of the defendant U.S. News and World Report, Inc. (“U.S. News”) in October of 1984. The shareholders of this employee-owned company realized $176 million from the sale in return for their interests in the company. The $176 million sales price represented a value approximating $3,000 per share of the company’s outstanding stock. At the time of the sale, the employee-shareholders, including the individual defendants in this proceeding, liquidated their interests in U.S. News at…
2Cases cited18 opinions
- Washington Metropolitan Area Transit Commission v. Holiday Tours, Inc.Court of Appeals for the D.C. Circuit · 1977
- Virginia Petroleum Jobbers Ass'n v. Federal Power CommissionCourt of Appeals for the D.C. Circuit · 1958
- Donovan v. CunninghamCourt of Appeals for the Fifth Circuit · 1983
- Donovan v. BierwirthCourt of Appeals for the Second Circuit · 1982
- United States v. PriceCourt of Appeals for the Third Circuit · 1982
13 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Foltz v. U.S. News & World Report, Inc.District Court, District of Columbia · 1986
- Foltz v. U.S. News & World Report, Inc.District Court, District of Columbia · 1985
- Foltz v. U.S. News & World Report, Inc.District Court, District of Columbia · 1987
- Brock v. SelfDistrict Court, W.D. Louisiana · 1986
- Estate of Grant v. U.S. News & World Report, Inc.District Court, District of Columbia · 1986
4 more not listed; retrieve them via the Exa API.