Legal Opinion
Maldonado v. Flynn
District Court, S.D. New York
Decided January 24, 1980No. 77 Civ. 3180PublishedCited by 39 opinions
1Opinion of the Court
OPINION
EDWARD WEINFELD, District Judge.
This is a stockholder’s derivative suit on behalf of Zapata Corporation (“Zapata”), a Delaware corporation, against nine of its past and present directors. Initially, claims were asserted under sections 10(b), 14(a) and 7 of the Securities Exchange Act (the “1934 Act”) and the rules thereunder, and under the common law. All were based upon a modification in 1974 of Zapata’s stock option plan by its board of directors. This Court dismissed the complaint for failure to state a cause of action. 1 The Court of Appeals affirmed except as to plaintiff’s claim…
2Cases cited39 opinions
- Ashwander v. Tennessee Valley AuthoritySupreme Court of the United States · 1936
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- Annette Heyman v. Commerce and Industry Insurance CompanyCourt of Appeals for the Second Circuit · 1975
- Quinn v. Syracuse Model Neighborhood Corp.Court of Appeals for the Second Circuit · 1980
34 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- Ruth Panter v. Marshall Field & Co., Richard Weiss v. Marshall Field & Co.Court of Appeals for the Seventh Circuit · 1981
- Fed. Sec. L. Rep. P 98,000 Ora E. Gaines v. D. J. Haughton, Lois A. And James Fitzpatrick v. D. J. HaughtonCourt of Appeals for the Ninth Circuit · 1981
- Fed. Sec. L. Rep. P 99,484 John F. Maher v. Zapata Corporation v. William Maldonado, Objector-AppellantCourt of Appeals for the Fifth Circuit · 1983
- Maldonado v. FlynnCourt of Chancery of Delaware · 1980
34 more not listed; retrieve them via the Exa API.