GOLLUST V. MENDELL
111 S. Ct. 2173 (1991)
NATURE OF THE CASE: Action under Section 16(b).
FACTS: Mendell (P) is a stockholder in Viacom International. He alleged approximately $11
million in profits made by D as a beneficial owner of greater than 10% of the outstanding
stock. After the complaint was filed, International was acquired by Viacom, forming a new
corporation, Viacom International. The Court of Appeals reversed the District Court in
deciding P had continued standing to prosecute the case after the merger.
ISSUE:
RULE OF LAW:
HOLDING AND DECISION:
LEGAL ANALYSIS:
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