Specifics of Merger Negotiations Need to Be Disclosed When Negotiating the Purchase of Stock by the Company or Corporate Insiders

Business Valuation Update BVLaw
Legal and Court Case Update
March 22, 2004

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securities litigation
John Guarino and Ryan Smith v. Interactive Objects, Inc.
No. 50356-1-I (Wash. App. 2004)
US
State Court
Washington
Court of Appeals
E. Duane Golphenee, John Burton Farver Jr.
Appelwick

Summary

The Washington Court of Appeals determined that the defendant company and its corporate insiders ran afoul of the Washington State Securities Act (WSSA) when it did not disclose information regarding a potential merger of the company when it negotiated a repurchase of its stock from the plaintiffs.

See Also

John Guarino and Ryan Smith v. Interactive Objects, Inc.

Full Text of Court Cases
March 22, 2004

The Washington Court of Appeals determined that the defendant company and its corporate insiders ran afoul of the Washington State Securities Act (WSSA) when it did not disclose information regarding a potential merger of the company when it negotiated a ...