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BERG v. FIRST AMERICAN BANKSHARES, INC.

No. 85-5684.

796 F.2d 489 (1986)

Stephen BERG, et al., Appellants v. FIRST AMERICAN BANKSHARES, INC., et al.

United States Court of Appeals, District of Columbia Circuit.

Decided July 22, 1986.

Attorney(s) appearing for the Case

David J. Eiseman, New York City, for appellants.

Paul C. Warnke with whom J. Griffin Lesher, Robert P. Reznick and Kathy E. Manning, Washington, D.C., were on brief, for appellees.

Before WALD and EDWARDS, Circuit Judges, and KOZINSKI, Circuit Judge, United States Court of Appeals for the Ninth Circuit.

Opinion for the Court filed by Circuit Judge WALD.

WALD, Circuit Judge:

In August of 1982, Financial General Bankshares, Inc. (Financial General), a registered bank holding company, became a wholly-owned subsidiary of FGB Holding Corporation by means of a corporate merger.1 Under the merger agreement, the two publicly traded classes of voting stock of Financial General were eliminated. The Class A common stock was cancelled at...

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