Legal Opinion
Dewitt v. American Stock Transfer Co.
District Court, S.D. New York
Decided June 20, 1977No. 76 Civ. 4126 (GLG)PublishedCited by 15 opinions
1Opinion of the Court
OPINION
GOETTEL, District Judge.
In June, 1975, plaintiff DeWitt purchased 134,700 shares of defendant, Alrac Corporation (“Alrac”), an amount representing, at that time, approximately 13% of the outstanding shares. Although the single certificate bore no restrictive legend, Alrac’s stock transfer agent, defendant, American Stock Transfer Co. (“A.S.T.”), refused to transfer the shares. Its purported reluctance stemmed from the possibility that the transfer might violate the Securities Act of 1933 since the shares were admittedly not registered and the size of the transferred interest raised…
2Cases cited21 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Annette Heyman v. Commerce and Industry Insurance CompanyCourt of Appeals for the Second Circuit · 1975
- Rondeau v. Mosinee Paper Corp.Supreme Court of the United States · 1975
- Fed. Sec. L. Rep. P 93,590 David Segal v. Lawrence Gordon, and Coburn Corporation of AmericaCourt of Appeals for the Second Circuit · 1972
- Fed. Sec. L. Rep. P 93,213 Hill York Corporation v. American International Franchises, Inc., Gurn H. FreemanCourt of Appeals for the Fifth Circuit · 1971
16 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Nemeroff v. AbelsonCourt of Appeals for the Second Circuit · 1980
- Nemeroff v. AbelsonCourt of Appeals for the Second Circuit · 1980
- Sanders v. Thrall Car Manufacturing Co.District Court, S.D. New York · 1983
- Troyer v. KarcagiDistrict Court, S.D. New York · 1979
- Wellman v. DickinsonDistrict Court, S.D. New York · 1980
10 more not listed; retrieve them via the Exa API.