Fed. Sec. L. Rep. P 94,361 Louis v. Jackvony, Jr. v. Riht Financial Corporation, Etc., John R. Cioci v. Riht Financial Corporation, Etc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that an open-ended promise to operate target entity as an independent subsidiary is not inconsistent with decision to merge target entity into the parent company two years later
• considering materiality in light of “general knowledge” in the banking community that banking laws would soon change
• “In order to uphold grant of directed verdict we must find that, viewing the evidence in the light most favorable to the non-moving party, reasonable jurors could come but to one conclusion.”
• possibility of acquisition not material where there were “no concrete offers, specific discussions, or anything more than vague expressions of interest”

Source: CourtListener parenthetical corpus (CC0).