Legal Opinion

Scattergood v. Perelman

Court of Appeals for the Third Circuit

Decided September 23, 1991No. Nos. 90-1411, 90-1680PublishedCited by 44 opinions

1Opinion of the Court

OPINION OF THE COURT

STAPLETON, Circuit Judge:

This case arises out of a merger between AGI Acquisition Corporation (“AGI”) and Andrews Group, Inc. (“Andrews”). Before the merger, MacAndrews and Forbes Holdings, Inc., (“M & F”) owned AGI and owned most of the stock of Andrews. Former Andrews shareholders complained that they purchased Andrews stock in the open market in reliance on material misrepresentations by various defendants. They also contended that the “freeze-out” merger was consummated at a price lower than the true value of Andrews’ shares by means of pre-merger misrepresentations…

2Cases cited25 opinions

  1. Foman v. DavisSupreme Court of the United States · 1962
  2. Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
  3. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  4. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  5. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976

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3Cited by44 opinions

  1. Barry Belmont v. MB Investment Partners, Inc.Court of Appeals for the Third Circuit · 2013
  2. George Semerenko v. Cendant Corp. Walter A. Forbes E. Kirk Shelton Cosmo Corigliano Christopher K. McLeod Ernst & Young LLP George Semerenko, Individually and on Behalf of All Others Similarly Situated, P. Schoenfeld Asset Management Llc, on Behalf of Itself and All Others Similarly Situated v. Cendant Corp. Walter A. Forbes E. Kirk Shelton Cosmo Corigliano Christopher K. McLeod Ernst & Young LLPCourt of Appeals for the Third Circuit · 2000
  3. Alfred Blasband v. Steven M. Rales Mitchell P. Rales John Doe 1-10 Danaher Corporation, Alfred Blasband, Derivatively on Behalf of Danaher CorporationCourt of Appeals for the Third Circuit · 1992
  4. Boone v. Carlsbad Bancorporation, Inc.Court of Appeals for the Tenth Circuit · 1992
  5. Jeremy H. v. Mount Lebanon School DistrictCourt of Appeals for the Third Circuit · 1996

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