Authors

David E. Wanis

Article Title

Securities Law - McCormick v. Fund American Companies: Altering The Total Mix of Information Made Available During Disclosure In Corporate Repurchases Of Stock

Abstract

In McCormick v. Fund American Companies, the Ninth Circuit granted summary judgment to defendant corporation over plaintiff shareholder's claim that defendant had violated the Securities Exchange Act by misrepresenting or omitting material information during negotiations to repurchase stock from plaintiff. The court found that in light of plaintiff's status as a "sophisticated business executive," defendant's alleged misrepresentations and omissions did not "significantly alter the total mix of information made available" concerning the contemplated sale of a subsidiary company of defendant corporation.

Recommended Citation

David E. Wanis, Securities Law - McCormick v. Fund American Companies: Altering The Total Mix of Information Made Available During Disclosure In Corporate Repurchases Of Stock, 25 Golden Gate U. L. Rev. (1995).
https://digitalcommons.law.ggu.edu/ggulrev/vol25/iss1/9