UNION CARBIDE CORP. v. OFFERMAN

No. COA97-956.

513 S.E.2d 341 (1999)

UNION CARBIDE CORPORATION, Plaintiff, v. Muriel K. OFFERMAN, Secretary of Revenue, Defendant.

Court of Appeals of North Carolina.

April 6, 1999.


Attorney(s) appearing for the Case

Alston & Bird LLP, by Jasper L. Cummings, Jr., Raleigh; Morrison & Foerster, by Paul H. Frankel, New York, NY; and Union Carbide Corporation, by Jerry L. Robinson, Danbury, CT, for plaintiff-appellee.

Attorney General Michael F. Easley, by Assistant Attorney General Kay Linn Miller Hobart, for defendant-appellant.


LEWIS, Judge.

Pursuant to the Supreme Court's order we have reconsidered the issues presented, and we affirm our prior decision.

Plaintiff Union Carbide Corporation is a New York corporation domiciled in Connecticut and qualified to do business in North Carolina. Its principal business is the manufacture and sale of chemical products. Fearing a hostile takeover after a 1984 chemical gas leak in Bhopal, India, Union Carbide adopted a restructuring plan designed...

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