Katz v. NVF Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Kassal, J.
Plaintiff, owner of 500 shares of common stock of APL Corp. (APL), sought to represent the 3,900 stockholders on claims of fraud, estoppel and breach of contract for losses *471alleged to have resulted from false and misleading statements concerning a proposed merger between APL and NVF Company (NVF). The motion sought class action certification for the APL shareholders of record on September 21, 1981, when it was announced that the merger would not be consummated.
Both APL and NVF are traded publicly on the New York Stock Exchange. APL is a New York corporation, with…
2Cases cited21 opinions
- International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
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- Hansberry v. LeeSupreme Court of the United States · 1940
- Rush v. SavchukSupreme Court of the United States · 1980
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