Legal Opinion
In Re Phillips Petroleum Securities Litigation
District Court, D. Delaware
Decided October 13, 1988No. Civ. A. Misc. 85-75 MMSPublishedCited by 11 opinions
1Opinion of the Court
MURRAY M. SCHWARTZ, Chief Judge.
OPINION
This opinion resolves summary judgment motions arising out of announcement of a proposed hostile tender offer for Phillips Petroleum (“Phillips”) led by the Mesa Partners (the “Partnership”). The issues involve alleged violations of the federal securities laws, questions of state contract law, and alleged violations of the Racketeer and Corrupt Organizations Act (“RICO”), 18 U.S.C. §§ 1961-1968 (1982 & Supp. Ill 1985).
The cross motions for summary judgment raise three primary issues: 1) whether the Mesa defendants (hereinafter defined) violated Section…
2Cases cited41 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Michael E. Moss v. Morgan Stanley Inc., E. Jacques Courtois, Jr., Adrian Antoniu, and James M. Newman, Morgan Stanley Inc. And James M. NewmanCourt of Appeals for the Second Circuit · 1983
36 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- In Re Phillips Petroleum Securities Litigation. C.A. 85-14 Hudson v. Phillips Petroleum Company C.A. 85-45 Hudson v. Phillips Petroleum Company C.A. 85-281 Irwin v. Douce C.A. 85-401 Kelly v. Pickens C.A. 85-447 Lawrence v. Pickens C.A. 85-537 Cohen v. Mesa Petroleum Co. Appeal of Florence Hudson (Civil Action No. 85-14 Mms), Harry W. Voege S. Paul Posner & Co., a Partnership Ominsky, Joseph & Welsh, P.C., Defined Benefit Plan U/a Dated Ddt July 1, 1976, Albert Ominsky, Trustee Barnett Stepak Initio, Inc. Alfred D. Whitman Connecticut Medical Laboratory, Inc. Murray Bell Pierre Haber and Leonard Brawer (Civil Action No. 85-45 Mms), Christopher P. Kelly and Brynn Kelly, Trustees for the Kelly Family Trust Under Trust Agreement Dated as of October 1, 1977, on Behalf of Themselves and All Others Similarly Situated (Civil Action No. 85-401 Lon), John S. Lawrence, on Behalf of Himself and All Others Similarly Situated (Civil Action No. 85-447), Jerry C. Cohen (Civil Action No. 85-537 Mms). Appeal of John S. LawrenceCourt of Appeals for the Third Circuit · 1989
- Fed. Sec. L. Rep. P 97,267 Ralph E. Aschinger v. Columbus Showcase Company, Carl J. Aschinger, Sr.Court of Appeals for the Sixth Circuit · 1991
- Aschinger v. Columbus Showcase Co.Court of Appeals for the Sixth Circuit · 1991
- Chase Manhattan Bank v. Iridium Africa Corp.District Court, D. Delaware · 2002
- In Re Phillips Petroleum Securities LitigationDistrict Court, D. Delaware · 1990
6 more not listed; retrieve them via the Exa API.