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Nonetheless, causation was found. As to causation, the District Court specifically distinguished this Court's decision in Mills v. Since the respective distributions of securities pursuant to the exchange offers had been completed at this point, the legality of these market purchases was unchallenged. As a tender offeror actively engaged in competing for Piper stock, Chris-Craft was not in the posture of a target shareholder confronted with the decision of whether to tender or retain its stock. III Applying these principles to the present litigation, I cannot say that respondent proved that the actions of any of the petitioners caused its injury. The efficacy of enforcement of the antitrust laws and the Civil Rights Acts by "private attorneys general" rest on precisely this premise.
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Despite the pervasiveness of federal securities regulation, the Court of Appeals concluded in these cases that Chris-Craft's complaint would give rise to a cause of action under common law principles of interference. Comprehensive Designers, Inc. The corporate raider may thus act under a cloak of secrecy in obtaining the shares needed to put him on the road to a successful capture and liquidation of the company. Liz's portion of my family bagpipe page was getting quite large, so I've decided to separate this into its own web page. The italicized phrase may be intended to imply that a shareholder who was not also a tender offeror cold recover these items of damages.
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Trivia About Fur the Win Pipe Senator Williams articulated this singleness of purpose, even while advocating neutrality:. This provision was expressly directed at the conduct of a broad range of persons, including those engaged in making or opposing tender offers or otherwise seeking to influence the decision of investors or the outcome of the tender offer. Woodcut illustration from his report in the Transactions of the Royal Microscopical Society, Goodreads helps you keep track of books you want to read. Thus, the argument with respect to the "exclusion" from standing for "persons most interested in effective enforcement," post, at U.
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