Legal Opinion
Fed. Sec. L. Rep. P 94,849 Harry Lewis v. George L. Varnes, and Eli Lilly and Company
Court of Appeals for the Second Circuit
Decided October 30, 1974No. 65, Docket 74-1293PublishedCited by 30 opinions
1Opinion of the Court
ROBERT P. ANDERSON, Circuit Judge:
George L. Varnes, appellee, was for several years a director and officer of Eli Lilly and Company (Lilly); on January 31, 1971, he retired from these positions. It is undisputed that he has maintained no significant contact with Lilly since that date.
Prior to his retirement, Lilly had granted Varnes various options to purchase its common stock at stated per share prices, but, under the terms of the agreements, the right to exercise the options expired two months after Varnes’ retirement. On December 22, 1970, Varnes, exercising some of the options, purchased…
2Cases cited8 opinions
- Blau v. LehmanSupreme Court of the United States · 1962
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- Reliance Electric Co. v. Emerson Electric Co.Supreme Court of the United States · 1972
- Fed. Sec. L. Rep. P 92,683 John Bershad v. Bernard P. McDonoughCourt of Appeals for the Seventh Circuit · 1970
3 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Gross v. Diversified Mortgage InvestorsDistrict Court, S.D. New York · 1977
- Whittaker v. Whittaker Corp.Court of Appeals for the Ninth Circuit · 1981
- Troyer v. KarcagiDistrict Court, S.D. New York · 1979
- Robertson v. National Basketball Ass'nDistrict Court, S.D. New York · 1975
- Steel Partners Ii, L.P., Plaintiff-Counter-Defendant-Appellant v. Bell Industries, Inc., Defendant-Counter-Claimant-AppelleeCourt of Appeals for the Second Circuit · 2002
25 more not listed; retrieve them via the Exa API.