# Fed. Sec. L. Rep. P 92,071 Ann Brown v. Ferro Corp.

> Court of Appeals for the Sixth Circuit · June 7, 1985 · 763 F.2d 798

URL: https://www.frixlaw.com/law-library/cases/9473542

## Case

- **Full name:** Ann BROWN, Plaintiff-Appellant, v. FERRO CORP., Et Al., Defendants-Appellees
- **Court:** Court of Appeals for the Sixth Circuit
- **Decided:** June 7, 1985
- **Citations:** 763 F.2d 798; 1985 U.S. App. LEXIS 19745
- **Precedential status:** Published
- **Opinion:** Concurrence by Wellford
- **Judges:** Merritt, Wellford, Gilmore
- **Cited by:** 78 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/9473542

## How later opinions describe it (automated extraction)

- stating that stockholder lacked standing to file derivative suit challenging officer's severance agreement program as payments were contingent on change of control and change of control was not presently foreseeable
- noting that a ripeness analysis includes a discretionary determination beyond the Article III standing considerations
- affirming dismissal on ripeness grounds as to claims that company leaders improperly created “golden parachutes,” which had yet to be used, involved “speculation] as to the future course of events”

## Opinion text

WELLFORD, Circuit Judge,
concurring.
Although it is difficult to discern any advantage to shareholders in the broad benefits bestowed on certain corporate officials under the severance agreements in dispute, I concur with Judge Gilmore that the case is not now ripe for adjudication.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/9473542. Public record. Not legal advice.