Legal Opinion
Weiss v. Temporary Investment Fund, Inc.
Court of Appeals for the Third Circuit
Decided November 12, 1982No. 81-2688PublishedCited by 10 opinions
1Opinion of the Court
OPINION OF THE COURT
EDWARD R. BECKER, Circuit Judge.
The principal question presented in this appeal is whether a shareholder of an investment company must make a demand on directors pursuant to Fed.R.Civ.P. 23.1 prior to commencing suit under section 36(b) of the Investment Company Act of 1940 (ICA), 15 U.S.C. §§ 80a-35(b) (1976), to challenge the company’s contracts with its investment advisers. The district judge dismissed the action for failure to satisfy the demand requirement, Weiss v. Temporary Investment Fund, Inc., 516 F.Supp. 665 (D.Del. 1981), and denied the appellant leave to…
2Cases cited23 opinions
- Cort v. AshSupreme Court of the United States · 1975
- Califano v. YamasakiSupreme Court of the United States · 1979
- Middlesex County Sewerage Authority v. National Sea Clammers Assn.Supreme Court of the United States · 1981
- Texas Industries, Inc. v. Radcliff Materials, Inc.Supreme Court of the United States · 1981
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CurranSupreme Court of the United States · 1982
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3Cited by10 opinions
- Daily Income Fund, Inc. v. FoxSupreme Court of the United States · 1984
- Cuker v. MikalauskasSupreme Court of Pennsylvania · 1997
- Recchion, Westinghouse Elec. Corp. v. KirbyDistrict Court, W.D. Pennsylvania · 1986
- Tarlov v. Paine Webber Cashfund, Inc.District Court, D. Connecticut · 1983
- Smachlo v. BirkeloDistrict Court, D. Delaware · 1983
5 more not listed; retrieve them via the Exa API.