Edgar v. MITE Corp.
United States Supreme Court
457 U.S. 624, 102 S. Ct. 2629, 73 L. Ed. 2d 269 (1982)
- Written by Mary Phelan D'Isa, JD
Facts
MITE Corp., a Delaware corporation, filed a declaratory-judgment action to challenge the constitutionality of an Illinois state law that attempted to regulate takeovers of any Illinois-incorporated company or any corporation with a certain percentage of Illinois shareholders. MITE filed the action the same day it initiated a cash-tender offer to an Illinois corporation that complied with federal law but not the challenged Illinois law. MITE argued that the Illinois law was preempted by the federal law and that it violated the Commerce Clause.
Rule of Law
Issue
Holding and Reasoning (White, J.)
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