[Download] "Reiser v. Del Monte Properties Co." by Ninth Circuit United States Court of Appeals ~ Book PDF Kindle ePub Free
eBook details
- Title: Reiser v. Del Monte Properties Co.
- Author : Ninth Circuit United States Court of Appeals
- Release Date : January 04, 1979
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
Plaintiffs, Thomas Reiser and Inns-By-The-Sea,1 appeal from an order of the District Court for the Northern District of California dismissing their claim for attorneys' fees arising out of their action against Del Monte Properties Company and certain officers and directors of Del Monte. We reverse and remand for further proceedings. In 1976, the defendants drew up a proposal involving a merger of Del Monte with a subsidiary company and reincorporation of the expanded company in Delaware. Reiser, an outside director of Del Monte, first learned of the plan when a special meeting of the board of directors was called to consider the proposal. Reiser objected to the plan as an attempt by management to reduce shareholder power and minority influences. At the directors' meeting, a special shareholders' meeting was called for the purpose of acting on the proposal. A proxy statement was approved in order to solicit proxies for the special meeting, which was to be held in eighteen days.
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