Legal Opinion
Cohen v. Ayers
Court of Appeals for the Seventh Circuit
Decided April 16, 1979No. 78-1620PublishedCited by 25 opinions
1Opinion of the Court
SPRECHER, Circuit Judge.
This appeal of a derivative shareholder suit raises numerous issues relating to the legality of several actions taken by the Board of Directors of Sears, Roebuck & Co. with respect to its employee stock-option plan. The plaintiff claims that these actions were void because they did not comply with the shareholder plan authorizing these options and because they constituted waste of corporate assets. Additionally the plaintiff claims that the various proxies mailed to shareholders respecting these actions transgressed the antifraud provisions of section 14 of the…
2Cases cited19 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Corsicana Nat. Bank of Corsicana v. JohnsonSupreme Court of the United States · 1919
- Rogers v. HillSupreme Court of the United States · 1933
- Kerbs v. California Eastern Airways, Inc.Supreme Court of Delaware · 1952
- Munson v. Syracuse, Geneva & Corning R. R. Co.New York Court of Appeals · 1886
14 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- International Administrators, Inc. And Sheldon Harrison v. Life Insurance Company of North AmericaCourt of Appeals for the Seventh Circuit · 1985
- International Insurance Co., a Corporation v. Alfred M. Johns, James W. McFadden Thomas v. Ogletree, Richard W. Sherman, and G. Paul WhortonCourt of Appeals for the Eleventh Circuit · 1989
- Fed. Sec. L. Rep. P 92,071 Ann Brown v. Ferro Corp.Court of Appeals for the Sixth Circuit · 1985
- Lewis v. VogelsteinCourt of Chancery of Delaware · 1997
- Pfeil v. RogersCourt of Appeals for the Seventh Circuit · 1985
20 more not listed; retrieve them via the Exa API.