Sistrunk v. Circle Bar Drilling Co.

How courts have described this case

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

• holding shareholder alleging “fraudulent activity in connection with a 26 tender offer” based on defendants’ “omitting and misstating certain material information” 27 has standing to “bring suit for violation of section 14(e)”
• upholding application of collateral estoppel to a similar California Corporations Commissioner’s determination under the Sims test
• explaining when a state administrative proceeding has preclusive effect in federal court
• issue of “fairness” was properly before California Corporations Commissioner because he had jurisdiction to decide that issue under California law
• “Fairness may be considered ... in determining the form of relief to which the shareholders may be entitled.”
• the issue of fairness in a state proceeding is not identical to the question of value to be determined in the federal court under section 14(e)

Source: CourtListener parenthetical corpus (CC0).