Securities & Exchange Commission v. Carter Hawley Hale Stores, Inc. (1985) Overview | LSData Case Br скачать в хорошем качестве

Securities & Exchange Commission v. Carter Hawley Hale Stores, Inc. (1985) Overview | LSData Case Br

CHH announced a plan to buy back its stock to prevent Limited from taking over the company. Limited sought a court order to stop the share repurchase, but it was denied, and CHH began buying back its shares. CHH ended its share repurchase program after buying over 50% of its outstanding shares, on the same day that Limited was allowed to begin purchasing. The SEC sued CHH, alleging that CHH's repurchase program violated securities laws. The court evaluated whether CHH's repurchase program was a tender offer under the eight-factor test proposed by the SEC and adopted in Wellman v. Dickinson. The court found that only two factors were present in CHH's program and thus it was not a tender offer. Securities & Exchange Commission v. Carter Hawley Hale Stores, Inc. (1985) United States Court of Appeals for the Ninth Circuit 760 F.2d 945 Learn more about this case at https://www.lsd.law/briefs/view/secur... --- Law School Data has over 50,000 case briefs and a one-of-a-kind brief tool to instantly brief millions of US cases with just the name or case cite. Check out all of our case briefs: https://www.lsd.law/briefs Briefs come with built in LSDefine and DeepDive, which allow you to read as quickly or as deeply as you want. Each brief has a built in legal dictionary and recursive summaries that go into more and more detail, until you eventually hit the original case text. Subscribe for new videos every week: https://www.youtube.com/@LSData?sub_c...