In re Shore
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Margett, J.
Parklane Hosiery Company, Inc. "went public” in 1968 by selling some 300,000 shares, out of a total capitalization of roughly one million shares, to the public at $9 per share. Effective control of the company was retained by the company’s president, Herbert N. Somekh, and his affiliates through their ownership of more than 70% of the public corporation’s stock. Six years later, in 1974, the "Somekh group” decided to return the corporation to private status by transferring their shares to a new corporation which would merge with Park-lane, thus eliminating the…
2Cases cited15 opinions
- Parklane Hosiery Co. v. ShoreSupreme Court of the United States · 1979
- People v. . BallardNew York Court of Appeals · 1892
- Matter of TimmisNew York Court of Appeals · 1910
- Voeller v. Neilston Warehouse Co.Supreme Court of the United States · 1941
- Coleman v. New York City Transit AuthorityNew York Court of Appeals · 1975
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3Cited by11 opinions
- Seigal v. MerrickCourt of Appeals for the Second Circuit · 1980
- Blake v. Blake Agency, Inc.Appellate Division of the Supreme Court of the State of New York · 1985
- Michaels v. Ambassador Group Inc.District Court, E.D. New York · 1986
- New England Telephone & Telegraph Co. v. Board of AssessorsMassachusetts Supreme Judicial Court · 1984
- Salomon Bros. Inc. v. Interstate Bakeries Corp.Court of Chancery of Delaware · 1989
6 more not listed; retrieve them via the Exa API.