Legal Opinion
Abrams v. Occidental Petroleum Corp.
Court of Appeals for the Second Circuit
Decided October 13, 1971No. Nos. 69-72, Dockets 71-1273 to 71-1276PublishedCited by 49 opinions
1Opinion of the Court
FRIENDLY, Chief Judge:
I
This appeal by Occidental Petroleum Corporation from a summary judgment of $23,511,337.94, rendered against it in the District Court for the Southern District of New York, raises important questions with respect to the problems under § 16(b) of the Securities Exchange Act that may be encountered by the maker of a tender offer who finds himself outflanked by a “defensive merger,” arranged by the target company, which is even more advantageous to the latter's stockholders.
Since the facts are stated in detail in the opinion of the district court, 323 F. Supp. 570 (1971), a…
2Cases cited14 opinions
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Park & Tilford, Inc. v. SchulteCourt of Appeals for the Second Circuit · 1947
- Fed. Sec. L. Rep. P 92,683 John Bershad v. Bernard P. McDonoughCourt of Appeals for the Seventh Circuit · 1970
- Margot Newmark v. Rko General, Inc., and Frontier Airlines, Inc.Court of Appeals for the Second Circuit · 1970
- Amf Tuboscope, Inc., and American MacHine & Foundry Co. v. Joe H. Cunningham and Arrow Pipe Service, Inc.Court of Appeals for the Tenth Circuit · 1965
9 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- American International Group, Inc. v. London American International Corporation Limited and Midland Bank LimitedCourt of Appeals for the Second Circuit · 1981
- Coach Leatherware Co. v. Anntaylor, Inc.Court of Appeals for the Second Circuit · 1991
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- International Controls Corp. v. VescoCourt of Appeals for the Second Circuit · 1974
- Weber v. DellCourt of Appeals for the Second Circuit · 1986
44 more not listed; retrieve them via the Exa API.