Legal Opinion
Fed. Sec. L. Rep. P 91,539 Liberty National Insurance Holding Company v. The Charter Company
Court of Appeals for the Eleventh Circuit
Decided June 1, 1984No. 82-7260PublishedCited by 65 opinions
1Opinion of the Court
TJOFLAT, Circuit Judge:
In this securities case, we are called upon to decide whether an issuer can bring suit under sections 10(b), 13(d), and 14(d) and (e) of the Securities and Exchange Act of 19341 (the Exchange Act) to require a shareholder to divest himself of his stock holdings in the issuer. None of these sections expressly authorizes s,uch a suit. We hold that none of these sections impliedly authorizes such a suit. The district court dismissed the issuer’s complaint. We affirm.
I
A
Between May 4 and December 22, 1981, the Charter Company, and certain of its subsidiaries2 (Charter),…
2Cases cited47 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Cort v. AshSupreme Court of the United States · 1975
- Cannon v. University of ChicagoSupreme Court of the United States · 1979
42 more not listed; retrieve them via the Exa API.
3Cited by65 opinions
- Grayson v. K Mart Corp.Court of Appeals for the Eleventh Circuit · 1996
- Financial SEC. Assur., Inc. v. Stephens, Inc.Court of Appeals for the Eleventh Circuit · 2007
- Angelastro v. Prudential-Bache Securities, Inc.Court of Appeals for the Third Circuit · 1985
- Plaine v. McCabeCourt of Appeals for the Ninth Circuit · 1986
- Hemispherx Biopharma, Inc. v. Johannesburg Consolidated InvestmentsCourt of Appeals for the Eleventh Circuit · 2008
60 more not listed; retrieve them via the Exa API.