Legal Opinion
James S. Jordan, Cross-Appellee v. Duff and Phelps, Inc., Claire v. Hansen, and Francis E. Jeffries, Defendants- Cross-Appellants
Court of Appeals for the Seventh Circuit
Decided April 28, 1987No. 86-1611, 86-1727PublishedCited by 169 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Flamm v. Eberstadt, 814 F.2d 1169 (7th Cir.1987), holds that a corporation need not disclose, to investors trading in the stock market, ongoing negotiations for a merger. A public corporation may keep silent until the firms reach agreement in principle on the price and structure of the deal. See also, e.g., Staffin v. Greenberg, 672 F.2d 1196, 1204-07 (3d Cir. 1982); Reiss v. Pan American World Airways, Inc., 711 F.2d 11, 14 (2d Cir.1983). Things are otherwise for closely held corporations. Michaels v. Michaels, 767 F.2d 1185, 1194-97 (7th Cir. 1985), holds that a…
2Cases cited49 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- Chiarella v. United StatesSupreme Court of the United States · 1980
44 more not listed; retrieve them via the Exa API.
3Cited by169 opinions
- Jones v. BernankeCourt of Appeals for the D.C. Circuit · 2009
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- Gary McKnight Cross-Appellant v. General Motors Corporation, Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1990
- Hobart N. Crocker, Jr. v. Piedmont Aviation, Inc., Hobart N. Crocker, Jr. v. Piedmont Aviation, Inc.Court of Appeals for the D.C. Circuit · 1995
- In the Matter of Oil Spill by the Amoco Cadiz Off the Coast of France on March 16, 1978Court of Appeals for the Seventh Circuit · 1992
164 more not listed; retrieve them via the Exa API.