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Business Associations Keyed to Bainbridge
Mills v. Electric Auto-Lite Co.
Citation:
396 U.S. 375 (1970)Facts
Petitioners were shareholders of Electric Auto-Lite Company until 1963, when it was merged into Mergenthaler Linotype Company. The brought suit on the day before the shareholders’ meeting at which the vote was to take place on the merger against Auto-Lite, Mergenthaler, and a third company, American Manufacturing Company, Inc. The complaint sought an injunction against the voting by Auto-Lite’s management of all proxies obtained by means of an misleading proxy solicitation. An amended complaint alleged that the proxy statement sent out by the Auto-Lite management to solicit shareholders’ votes in favor of the merger was misleading.
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