[DOWNLOAD] "General Acquisition Inc. V. Gencorp Inc." by United States Court Of Appeals For The Sixth Circuit * eBook PDF Kindle ePub Free

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eBook details

• Title: General Acquisition Inc. V. Gencorp Inc.
• Author : United States Court Of Appeals For The Sixth Circuit
• Release Date : January 06, 1994
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 71 KB

Description

ENGEL, Senior Circuit Judge. This case involves General Acquisition, Inc.'s attempted hostile takeover of Appellant GenCorp, Inc., in March, 1987. Having successfully resisted General Acquisition's overture, GenCorp's directors now seek to hold Appellee Shearson Lehman Brothers, Inc., liable for allegedly disclosing confidential information in conjunction with the takeover bid.*fn1 Although GenCorp has not yet established any wrongdoing on Shearson's part, we are asked at this early stage in the proceedings to review a district court order affecting the amount of damages GenCorp might possibly recover if liability can ultimately be proved. That both parties seek to confer appellate jurisdiction upon this court at this time does not relieve us of our independent obligation to scrutinize the basis for appellate jurisdiction. Liberty Mutual Ins. Co. v. Wetzel, 424 U.S. 737, 740, 47 L. Ed. 2d 435, 96 S. Ct. 1202 (1976). Because we conclude that we do not possess appellate jurisdiction to review the question on appeal, we cannot address the merits of this dispute. Therefore, we DISMISS the appeal and REMAND for further Disposition.

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