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Second Circuit· 5/18/1992

Glazer v. Formica Corp.

Citations

  • 964 F.2d 149
  • 1992 U.S. App. LEXIS 12121
  • 1992 WL 103480

How courts have described this case

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

  • holding that district court had inappropriately found leveraged buyout negotiations immaterial as a matter of law when the parties had engaged in substantive meetings regarding the possibility of a leveraged buyout and had begun due diligence
  • holding that district court had inappropriately found leveraged buyout negotiations immaterial as a matter of law when the parties had engaged in substantive meetings regarding the possibility of a leveraged buyout and had begun due diligence
  • \The mere fact that a company has received an acquisition overture or that some discussion has occurred will not necessarily be material.\
  • no misrepresentation where company said both that the best thing would be for it to remain independent, and that it would consider any legitimate proposal to acquire the company
  • failure to disclose initial proceedings in management-led leveraged buyout does not violate Rule 10b-5 where company had previously announced its intent to consider any legitimate proposal to acquire company

Source: CourtListener parenthetical corpus (CC0).

Judges: Kearse, Mahoney, Restani

Read full opinion on CourtListener

Cited by

81 cases in this archive cite this case; the 20 most cited are listed.

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.