Howing Co. v. Nationwide Corp.
United States Court of Appeals for the Sixth Circuit
826 F.2d 1470 (1987)
The majority shareholders in Nationwide Corp. (defendant), a public corporation, attempted to purchase the remaining shareholders’ shares of the corporation in an attempt to privatize the corporation. Several of the minority shareholders objected, including Howing Co. (plaintiff). Howing brought an action against Nationwide, alleging that it omitted certain pieces of information through its vague answers to certain disclosure items in violation of the antifraud provisions of Rule 13e-3. The district court ruled in favor of Nationwide. Howing then appealed to the Sixth Circuit Court of Appeals.
Rule of Law
Holding and Reasoning (Merritt, J.)
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