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Clauses 5.1 and 5.6 provided that, if he breached clause 11.2, he would not be entitled to receive the interim and/or final payments due, and could be required to sell Cavendish the rest of his shares at a "Defaulting Shareholder Option Price", based on a straight asset value and so ignoring any goodwill value.
The plaintiff brought an action for specific performance of the contract. It was held that the allotment must be made within a reasonable period of time. Taking into consideration the nature of shares (price fluctuation), a period of five months was too long that the defendant's offer to purchase shares had lapsed.
The Interstate Commerce Commission regulated common carriers and was thus able to render far reaching orders, such as the desegregation of public transportation. After trucking and railroads were largely deregulated, the ICC was replaced with the independent Surface Transportation Board , with remaining functions transferred to the Department ...
That the right to contract about one's affairs is a part of the liberty of the individual protected by this clause is settled by the decisions of this court and is no ...
Flood v. Kuhn, 407 U.S. 258 (1972), was a decision by the Supreme Court of the United States that preserved the reserve clause in Major League Baseball (MLB) players' contracts.
In 2024, Engelmayer presided over the trial of Jonathan Moynahan Larmore, who was convicted of orchestrating a $77 million tender offer fraud. It involved announcing a fake tender offer for shares of WeWork Inc. by a company Larmore had founded at a price that stood to drive up WeWork's stock price. Days earlier, Larmore had purchased thousands ...
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