Legal Opinion

Leib v. 20th Century Corp.

District Court, M.D. Pennsylvania

Decided January 15, 1974No. Civ. No. 73-551PublishedCited by 66 opinions

1Opinion of the Court

OPINION

MUIR, District Judge.

Ruth Leib, a shareholder of Goldchip Funding Company (Goldchip), and Frank Leib, a shareholder of Cosmopolitan Investors Funding Company (Cosmopolitan Investors), brought this action under the Securities Exchange Act of 1934 for damages and an injunction against Defendants’ alleged fraudulent scheme to transfer the sole marketable assets of Goldchip and Cosmopolitan Investors in exchange for nonmarketable stock of Defendant 20th Century Corporation. As part of the scheme, Plaintiffs allege that certain Defendants caused to be issued false and misleading proxy…

2Cases cited7 opinions

  1. Hansberry v. LeeSupreme Court of the United States · 1940
  2. Green v. Wolf Corp.Court of Appeals for the Second Circuit · 1968
  3. Graybeal v. American Savings & Loan Ass'nDistrict Court, District of Columbia · 1973
  4. Eisen v. Carlisle & JacquelinCourt of Appeals for the Second Circuit · 1968
  5. Unicorn Field, Inc. v. Cannon Group, Inc.District Court, S.D. New York · 1973

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3Cited by66 opinions

  1. Rush PETTWAY Et Al., Plaintiffs-Appellants, v. AMERICAN CAST IRON PIPE COMPANY, a Corporation, Defendant-AppelleeCourt of Appeals for the Fifth Circuit · 1978
  2. Kirkpatrick v. J.C. Bradford & Co.Court of Appeals for the Eleventh Circuit · 1987
  3. Dura-Bilt Corp. v. Chase Manhattan Corp.District Court, S.D. New York · 1981
  4. In re Consumers Power Co. Securities LitigationDistrict Court, E.D. Michigan · 1985
  5. Forsyth v. Lake LBJ Investment Corp., Texas Court of Appeals, 3rd District (Austin)1995

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