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Civil Procedure Keyed to Hazard
Parklane Hosiery Co. v. Shore
Citation:439 U.S. 322, 99 S.Ct. 645, 58 L.Ed.2d 552 (1979)
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Shore (Respondent) sued Parklane Hosiery, Co. and thirteen of its officers, directors, and stockholders (Petitioners) for issuing a materially false and misleading proxy statement during a merger. Respondent moved for partial summary judgment, arguing that the Petitioners were collaterally estopped from relitigating issues that had been resolved against them in a previous lawsuit. The previous lawsuit, brought by the SEC against Petitioners, entered a judgment that the Petitioners’ proxy statement was materially false and misleading.
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