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1989

Business Organizations Law

University of Richmond Law Review

Newcome v. Esrey

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Annual Survey Of Virginia Law: Business And Corporate Law, Donald E. King Jan 1989

Annual Survey Of Virginia Law: Business And Corporate Law, Donald E. King

University of Richmond Law Review

This article reviews recent developments in the law affecting Virginia businesses and corporations. Part I covers judicial decisions, including: (1) two Eastern District of Virginia cases in which Virginia corporate law was applied to help ward-off hostile takeovers; (2) three Fourth Circuit opinions affecting private actions under the federal securities laws; (3) a Supreme Court of Virginia decision specifically enforcing a close corporation buy-sell agreement against a deceased shareholder's widow; (4) an Eastern District of Virginia case in which close corporation squeeze-out allegations were held sufficient to state a federal claim for securities fraud; and (5) a Western District of …