THE TOLEDO TRUST COMPANY, as Executor of the Estate of Henry T. Ritter, Deceased, Plaintiff-Appellee,
v.
William N. NYE, Shirley L. Nye, Pinckney S. Cook, Erma G. Cook and Jackson Kamison, Individual Defendants-Appellants, and
Lantana Flower Farms, Inc., c-N-k Corporation, and United Brands Company, Corporate Defendants-Appellants.
United States Court of Appeals, Sixth Circuit.https://leagle.com/images/logo.png
Argued October 5, 1978.
Decided December 6, 1978.
Attorney(s) appearing for the Case
Ralph S. Boggs, John H. Boggs, Boggs, Boggs, Boggs & Guthrie, Toledo, Ohio, George E. Allen, Allen, Knudsen, Swartz, DeBoest, Rhodes & Edwards, P.A., Fort Myers, Fla., for appellants in No. 77-3189.
Lee Honberger, Barry L. King, Dyer, Meek, Ruegsegger, King & McClear, Detroit, Mich., Edward F. Weber, Marshall, Melhorn, Bloch & Belt, Toledo, Ohio, for plaintiff-appellee.
Rolf H. Scheider, Shumaker, Loop & Kendrick, Toledo, Ohio, for corporate defendants-appellants.
Ralph S. Boggs, Boggs, Boggs, Boggs & Guthrie, Toledo, Ohio, for individual defendants-appellants.
Before CELEBREZZE and ENGEL, Circuit Judges, and LAWRENCE, Senior District Judge.
United States Court of Appeals, Sixth Circuit.
CELEBREZZE, Circuit Judge.
Plaintiff brought this action in the district court alleging violation of § 10(b) of the Securities Exchange Act of 19341 and Securities and Exchange Commission Rule 10b-52 and several common law claims. The case hinges on the legal effect of a stock option contained in a corporation's by-laws allowing the corporation to purchase the stock of a deceased shareholder. All of the...
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