Legal Opinion

Albert v. Salzman

Appellate Division of the Supreme Court of the State of New York

Decided May 31, 1973PublishedCited by 15 opinions

1Opinion of the CourtSteuer, J.

Taking, as we must for the purposes of this motion, the allegations of the complaint to be true, the following facts appear.

Odell, Inc. was a Delaware corporation engaged in marketing certain brand products. Papercraft Corporation is a corporation engaged in the manufacture of various paper products. Both are publicly owned companies. Following negotiations in the fall of 1969 the boards of directors of both companies informally approved an agreement of merger whereby the stockholders of Odell would receive .59375 of a share of Papercraft for each share of Odell. This proposed arrangement…

2Cases cited6 opinions

  1. Winkelman v. General Motors CorporationDistrict Court, S.D. New York · 1942
  2. David J. Greene & Co. v. Schenley Industries, Inc.Court of Chancery of Delaware · 1971
  3. Marco v. SachsNew York Supreme Court · 1951
  4. Matter of Petroleum Research FundAppellate Division of the Supreme Court of the State of New York · 1956
  5. Marco v. SachsNew York Court of Appeals · 1953

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3Cited by15 opinions

  1. Center v. Hampton Affiliates, Inc.New York Court of Appeals · 1985
  2. Lewis v. AndersonSupreme Court of Delaware · 1984
  3. Harry Lewis v. Earle A. Chiles, Howard Burnett, Virgil Campbell, Earl M. Chiles, Cyril K. GreenCourt of Appeals for the Ninth Circuit · 1983
  4. Torrey Delivery, Inc. v. Chautauqua Truck Sales & Service, Inc.Appellate Division of the Supreme Court of the State of New York · 1975
  5. Auerbach v. BennettAppellate Division of the Supreme Court of the State of New York · 1978

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