Legal Opinion
Brascan Ltd. v. Edper Equities Ltd.
District Court, S.D. New York
Decided June 7, 1979No. 79 Civ. 2288 (PNL)PublishedCited by 33 opinions
1Opinion of the Court
GENERAL NARRATIVE
LEVAL, District Judge.
Brascan Ltd. (“Brascan”) is a Canadian publicly held company whose 26,100,000 common shares are held by some 50,000 stockholders and are traded on the Toronto, Montreal, London and American Stock Exchanges.
In late 1978 Brascan announced the sale of its principal subsidiary, an electric utility in Brazil, for $380 million (U.S.) cash. Shortly thereafter Edper Investments Ltd. (“Edper Investments”), a privately held Canadian venture capital company, became interested in acquiring Brascan shares. Ed-per Investments made some purchases in late 1978 and early…
2Cases cited16 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Rondeau v. Mosinee Paper Corp.Supreme Court of the United States · 1975
- Fed. Sec. L. Rep. P 93,959 Frank Lanza, Jr. v. Drexel & Co., Theodore J. Kircher and Christie F. VitoloCourt of Appeals for the Second Circuit · 1973
- Fed. Sec. L. Rep. P 94,041 Sonesta International Hotels Corporation v. Wellington AssociatesCourt of Appeals for the Second Circuit · 1973
11 more not listed; retrieve them via the Exa API.
3Cited by33 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
- Hanson Trust PLC v. SCM Corp.Court of Appeals for the Second Circuit · 1985
- Wellman v. DickinsonDistrict Court, S.D. New York · 1979
- Securities and Exchange Commission v. Carter Hawley Hale Stores, Inc.Court of Appeals for the Ninth Circuit · 1985
- Sheffield v. Consolidated Foods Corp.Supreme Court of North Carolina · 1981
28 more not listed; retrieve them via the Exa API.