Since a Wisconsin airline is “directly doing business” in New York, it was obliged to give a copy of its shareholder list to a competitor that had purchased its stock to facilitate a hostile takeover, a Manhattan appeals court has ruled.

Reversing a lower court’s finding, the Appellate Division, 1st Department, said in AirTran v. Midwest Air Group, 600225/07, that because the Midwest Air Group’s subsidiary was “undisputably bound by the law of New York and subject to its jurisdiction, by virtue … of its registration to do business in New York,” it was required to turn over the information to AirTran.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]