Legal Opinion
Tobacco & Allied Stocks, Inc. v. Transamerica Corp.
District Court, D. Delaware
Decided June 18, 1956No. Civ. A. 1468PublishedCited by 68 opinions
1Opinion of the Court
LEAHY, Chief Judge.
On August 8, 1951, in related class actions brought by minority stockholders, I held defendant, Transamerica Corporation, violated Rule X-10B-5, promulgated by the Securities and Exchange Commission under § 10(b) of the Securities Exchange Act of 1934, 15 U.S. C.A. § 78] (b), in that preceding an offer to purchase Class A and Class B stock at a fixed price (plus a call on the A stock), defendant, a parent corporation and majority stockholder of its subsidiary, Axton-Pisher Tobacco Company, did not disclose to minority .stockholders the true value of its inventory and…
2Cases cited59 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Guaranty Trust Co. v. YorkSupreme Court of the United States · 1945
- Guaranty Trust Co. v. YorkSupreme Court of the United States · 1945
- Holmberg v. ArmbrechtSupreme Court of the United States · 1946
- Hazel-Atlas Glass Co. v. Hartford-Empire Co.Supreme Court of the United States · 1944
54 more not listed; retrieve them via the Exa API.
3Cited by68 opinions
- Fed. Sec. L. Rep. P 96,366 Benjamin A. Cook v. Avien, Inc., James F. Pritchard, Benjamin A. Cook v. Avien, Inc.Court of Appeals for the First Circuit · 1978
- Moviecolor Limited v. Eastman Kodak Company, Technicolor, Inc. And Technicolor Motion Picture CorporationCourt of Appeals for the Second Circuit · 1961
- Jensen v. SnellingsCourt of Appeals for the Fifth Circuit · 1988
- Royal Air Properties, Inc., a Corporation, Harold L. Heathman and Madge I. Heathman v. R. Philip SmithCourt of Appeals for the Ninth Circuit · 1962
- deHaas v. Empire Petroleum Co.Court of Appeals for the Tenth Circuit · 1970
63 more not listed; retrieve them via the Exa API.