Legal Opinion
Lama Holding Co. v. Smith Barney Inc.
New York Court of Appeals
Decided June 13, 1996PublishedCited by 960 opinions
1Opinion of the Court
OPINION OF THE COURT
Smith, J.
This action arises out of the sale by defendant Smith Barney Inc. of all of its stock in a merger with Primerica Corporation. The primary issue here is whether the complaint states any cause of action entitling plaintiffs to recover a $33 million tax liability or any other relief. Because we agree that the complaint fails to state any cause of action, we affirm the order of the Appellate Division dismissing the complaint in its entirety.
In 1987, defendant Smith Barney and Primerica merged, with Primerica acquiring all of the shares of Smith Barney. At the time of…
2Cases cited22 opinions
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- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- Kenford Co. v. County of ErieNew York Court of Appeals · 1986
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3Cited by960 opinions
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