Legal Opinion

Stephen Berg v. First American Bankshares, Inc.

Court of Appeals for the First Circuit

Decided July 22, 1986No. 85-5684PublishedCited by 37 opinions

1Opinion of the Court

Opinion for the Court filed by Circuit Judge WALD.

WALD, Circuit Judge:

In August of 1982, Financial General Bankshares, Inc. (Financial General), a registered bank holding company, became a wholly-owned subsidiary of FGB Holding Corporation by means of a corporate merger. 1 Under the merger agreement, the two publicly traded classes of voting stock of Financial General were eliminated. The Class A common stock was cancelled at $28.00 a share while the regular common stock received $33.80 a share. Stephen Berg and 45 other owners of Class A common stock (hereinafter collectively referred to as…

2Cases cited15 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  3. Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
  4. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
  5. Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977

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3Cited by37 opinions

  1. Fed. Sec. L. Rep. P 94,768 Phil A. Street and Clyde H. Street v. J.C. Bradford & CompanyCourt of Appeals for the Sixth Circuit · 1990
  2. Virginia Bankshares, Inc. v. SandbergSupreme Court of the United States · 1991
  3. Margaret Morgan and Burton Morgan v. Bank of Waukegan, a Banking CorporationCourt of Appeals for the Seventh Circuit · 1986
  4. Craftmatic Securities Litigation v. KraftsowCourt of Appeals for the Third Circuit · 1989
  5. Koppel v. 4987 Corp.Court of Appeals for the Second Circuit · 1999

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