Confirm favorite deletion?
Corporations Keyed to Hazen
Santa Fe Industries v. Green
Citation:430 U.S. 462 (1977)
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
- Case Key Terms, Acts, Doctrines, etc.: A case specific Legal Term Dictionary.
- Case Doctrines, Acts, Statutes, Amendments and Treatises: Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
- Brief Facts: A Synopsis of the Facts of the case.
- Rule of Law: Identifies the Legal Principle the Court used in deciding the case.
- 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:
In 1936, petitioner Santa Fe Industries, Inc. acquired control of 60% of the stock of Kirby Lumber Corp. Through a series of purchases, Santa Fe increased its control of Kirby’s stock to 95%. Santa Fe obtained independent appraisals of the physical assets of Kirby. These appraisals were submitted to Morgan Stanley & Co. Kirby’s physical assets were appraised at $320 million. Respondents, minority stockholders of Kirby, objected to the terms of the merger, but did not pursue their appraisal remedy. Instead, they brought this action, seeking to set aside the merger or to recover what they claimed to be the fair value of their shares. The course of conduct was alleged to be a violation of Rule 10b-5 because defendants employed a device, scheme or artifice to defraud and engaged in an act, practice or course of business which operates or would operate as a fraud or deceit in connection with the purchase or sale of any security.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
- Holding: Shares the Court's answer to the legal questions raised in the issue.
- Concurring / Dissenting Opinions: Includes valuable concurring or dissenting opinions and their key points.
- Reasoning and Analysis: Identifies the chain of argument(s) which led the judges to rule as they did.
- The Brief Prologue closes the case brief with important forward-looking discussion and includes:
- Policy: Identifies the Policy if any that has been established by the case.
- Court Direction: Shares where the Court went from here for this case.