Legal Opinion
Donaldson Lufkin & Jenrette Securities Corp. v. Star Technologies, Inc.
New York Supreme Court
Decided October 12, 1990PublishedCited by 9 opinions
1Opinion of the Court
*881OPINION OF THE COURT
Edward H. Lehner, J.
The issue on this motion by plaintiffs for summary judgment is whether a provision for indemnification of an underwriter by an issuer is enforceable.
FACTS
Donaldson Lufkin & Jenrette Securities Corporation and Shearson Lehman/American Express, Inc. (plaintiffs) entered into an underwriting agreement (the Agreement) in December 1984 as lead underwriters for the public offering of common stock of defendant. The Agreement contained the following provisions:
"Indemnification (a) The Company agrees to indemnify and hold harmless each underwriter * * * from and…
2Cases cited7 opinions
- Odette v. Shearson, Hammill & Co., Inc.District Court, S.D. New York · 1975
- In Re Nucorp Energy Securities LitigationDistrict Court, S.D. California · 1987
- Nelson v. Quimby Island Reclamation District Facilities Corp.District Court, N.D. California · 1980
- Greenwald v. American Medcare Corp.District Court, S.D. New York · 1987
- Adalman v. Baker, Watts & Co.District Court, D. Maryland · 1984
2 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Gibbs-Alfano v. BurtonCourt of Appeals for the Second Circuit · 2002
- Gibbs-Alfano v. BurtonCourt of Appeals for the Second Circuit · 2002
- Credit Suisse First Boston, LLC v. Intershop Communications AGDistrict Court, S.D. New York · 2006
- Residential Funding Co. v. HSBC Mortgage Corp. (USA) (In re Residential Capital, LLC)United States Bankruptcy Court, S.D. New York · 2015
- Donaldson Lufkin & Jenrette Securities Corp. v. Star Technologies, Inc.New York Supreme Court · 1991
4 more not listed; retrieve them via the Exa API.