Legal Opinion
Fed. Sec. L. Rep. P 92,071 Ann Brown v. Ferro Corp.
Court of Appeals for the Sixth Circuit
Decided June 7, 1985No. 84-3102PublishedCited by 82 opinions
1Opinion of the Court
*799GILMORE, District Judge.
This is an appeal in a stockholder’s derivative suit from a district court decision dismissing the suit without prejudice for lack of ripeness and failure to show that the corporation has suffered actual damages as a result of the adoption of a severance agreement program. For the following reasons, the district court is affirmed.
I
Plaintiff is the owner of ten shares of common stock of defendant Ferro Corporation. Ferro Corporation is a nominal defendant, and the principal defendants are eleven members of Ferro’s Board of Directors. Jurisdiction rests on diversity, and…
2Cases cited12 opinions
- Abbott Laboratories v. GardnerSupreme Court of the United States · 1967
- O'Shea v. LittletonSupreme Court of the United States · 1974
- Pacific Gas & Electric Co. v. State Energy Resources Conservation & Development CommissionSupreme Court of the United States · 1983
- Burks v. LaskerSupreme Court of the United States · 1979
- Auerbach v. BennettNew York Court of Appeals · 1979
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3Cited by82 opinions
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- Pfahler v. National Latex Products Co.Court of Appeals for the Sixth Circuit · 2007
- Officer Melissa Kallstrom v. City of ColumbusCourt of Appeals for the Sixth Circuit · 1998
- National Rifle Ass'n of America v. MagawCourt of Appeals for the Sixth Circuit · 1997
- Rohm & Hass Texas, Inc. v. Ortiz Brothers Insulation, Inc.Court of Appeals for the Fifth Circuit · 1994
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