Legal Opinion
Schwartz v. Celestial Seasonings, Inc.
Court of Appeals for the Tenth Circuit
Decided September 5, 1997No. 95-1524PublishedCited by 186 opinions
1Opinion of the Court
MURPHY, Circuit Judge.
Arthur M. Schwartz sued Celestial Seasonings, Inc., and others in the United States District Court for the District of Colorado for violations of securities laws. The district court dismissed the suit for failure to satisfy the particularized pleading requirements of Fed.R.Civ.P. 9(b). Exercising jurisdiction pursuant to 28 U.S.C. § 1291, this court reverses and remands.
I. FACTUAL BACKGROUND
In July 1993 Celestial Seasonings, Inc., the largest manufacturer and marketer of herb teas in the United States, issued approximately two million shares of stock in an initial public…
2Cases cited14 opinions
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
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- Virginia Bankshares, Inc. v. SandbergSupreme Court of the United States · 1991
- Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985
- Fed. Sec. L. Rep. P 93,590 David Segal v. Lawrence Gordon, and Coburn Corporation of AmericaCourt of Appeals for the Second Circuit · 1972
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3Cited by186 opinions
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- In Re Norman Docteroff, Debtor, Bert L. Wolstein Lady Iris Corporation v. Norman DocteroffCourt of Appeals for the Third Circuit · 1997
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