Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
In March of 1963, Defiance Industries entered into a transaction with Roy Cohn, which amounted to a deferred sale of 3% of outstanding shares of Lionel Corporation. Cohn was a director of Lionel Corporation and six other directors resigned and were filled by nominees of Defiance. Defiance then sold its interest to A.M. Sonnabend who replaced the Defiance directors and Cohn himself. Caplan is a minority stockholder of Lionel.
Issues
The legal issues presented in this case will be displayed here.
Holding & Decision
The court's holding and decision will be displayed here.
Legal Analysis
Legal analysis from Dean's Law Dictionary will be displayed here.
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