Quimbee logo
DMCA.com Protection Status
From our private database of 16,200+ case briefs...

GAF Corp. v. Milstein

United States Court of Appeals for the Second Circuit
453 F.2d 709 (1971)

Facts

Morris Milstein and his three children (defendants) came into control of 10.5 percent of the stock of GAF Corp. (plaintiff) in 1967. The Milsteins then collaborated to take control of the board of directors of GAF by using their shareholding power to bring derivative actions against the current directors, and to force GAF’s stock price lower so as to cause discontent amongst the remaining shareholders of the corporation. GAF then brought an action against the Milsteins, arguing that they were in violation of section 13(d) of the Securities Exchange Act, requiring holders of 10 percent or more of a corporations shares to file a statement with the Securities and Exchange Commission. The district court ruled in favor of the Milsteins. GAF then appealed to the Second Circuit Court of Appeals.

Rule of Law

Issue

Holding and Reasoning (Kaufman, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 355,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 16,200 briefs, keyed to 222 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Here's why 355,000 law students have relied on our case briefs:

  • Reliable - written by law professors and practitioners not other law students.
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your class - works on your mobile and tablet.
  • 16,200 briefs - keyed to 222 casebooks.
  • Uniform format for every case brief.
  • Written in plain English - not in legalese and not just repeating the court's language.
  • Massive library of related video lessons - and practice questions.
  • Top-notch customer support.