Legal Opinion

Cauble v. White

District Court, E.D. Louisiana

Decided June 14, 1973No. Civ. A. 73-744PublishedCited by 3 opinions

1Opinion of the Court

REASONS FOR JUDGMENT

R. BLAKE WEST, District Judge.

Fundamentally, , this case involves a conflict arising out of the effort of a wealthy businessman to take over, by stock purchase, the control of a bank, and the efforts of those presently in control of the bank to prevent the takeover. As will be seen, neither side played the game according to the rules, and play was suspended. The rules in question are the provisions of the Securities and Exchange Act governing cash tender offers (15 U.S.C. §§ 78n(d)(l), 78n(d)(4) and 78n(e)) and the regulations promulgated thereunder. 1

The matter came…

2Cases cited3 opinions

Electronic Specialty Co. v. International Controls Corp.Court of Appeals for the Second Circuit · 1969
Gulf & Western Industries, Inc. v. The Great Atlantic & Pacific Tea Company, Inc., and Third-Party v. Charles G. Bluhdorn, Third-Party and Kidder, Peabody & Co., Inc., Third-PartyCourt of Appeals for the Second Circuit · 1973
Chris-Craft Industries, Inc. v. Piper Aircraft Corporation, Howard Piper, Thomas F. Piper, William T. Piper, Jr., Bangor Punta Corporation, Nicolas M. Salgo, David M. Wallace, the First Boston Corporation, Paul L. Miller and Nicholas H. Bayard, Bangor Punta Corporation v. Chris-Craft Industries, Inc., Securities and Exchange Commission, Plaintiff-Appellant-Appellee v. Bangor Punta Corporation, Defendant-Appellee-AppellantCourt of Appeals for the First Circuit · 1973

3Cited by3 opinions

Berman v. Gerber Products Co.District Court, W.D. Michigan · 1978
Weeks Dredging & Contracting, Inc. v. American Dredging Co.District Court, E.D. Pennsylvania · 1978
Texasgulf, Inc. v. Canada Development CorporationDistrict Court, S.D. Texas · 1973