Legal Opinion
Stransky v. Cummins Engine Co.
Court of Appeals for the Seventh Circuit
Decided April 4, 1995No. 94-1964PublishedCited by 106 opinions
1Opinion of the Court
KANNE, Circuit Judge.
The predicate for this case is a familiar one: a company makes optimistic predictions about future performance, the predictions turn out to be less than prophetic, and shareholders cry foul, or more specifically, fraud. Alan Stransky and Raphael Warkel filed a class action suit against Cum-mins Engine Company, Inc. (Cummins), alleging securities fraud. The district court dismissed with prejudice, pursuant to Federal Rule of Civil Procedure (FRCP) 12(b)(6), Stransky’s claim under the First Amended Complaint (FAC). The court denied, in part, Cummins’ motion to dismiss as it…
2Cases cited20 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
- Chiarella v. United StatesSupreme Court of the United States · 1980
- Virginia Bankshares, Inc. v. SandbergSupreme Court of the United States · 1991
15 more not listed; retrieve them via the Exa API.
3Cited by106 opinions
- Albert Oran Terry Adolphs Philip Morris James Doyle Lupo Paul H. Maurer, Individually and on Behalf of a Class of Others Similarly Situated v. John R. Stafford Robert G. Blount Joseph J. Carr Louis L. Hoynes, Jr. William J. Murray David M. Olivier John R. Considine Paul J. Jones Fred Hassan American Home Products CorporationCourt of Appeals for the Third Circuit · 2000
- Fed. Sec. L. Rep. P 90,328 in Re International Business MacHines Corporate Securities Litigation Charles Kowal, Peter R. Herold, Albert Ominsky, Douglas Ominsky, Andrew Ominsky, Steven Horowitz, Dina Horowitz, Joan Howard, Mark Gardy, M.E. Lifshitz, Wai Chinn, Alexander Sands, Donald Lewis, Bruce Murphy, Barnett Stepak, and William Steiner v. International Business MacHines Corporation and Frank A. Metz, Jr.Court of Appeals for the Second Circuit · 1998
- Eisenstadt v. Centel Corp.Court of Appeals for the Seventh Circuit · 1997
- Albertine Kirksey, of the Estate of Curtis Kirksey v. R.J. Reynolds Tobacco Company and Lorillard Tobacco Company, Inc.Court of Appeals for the Seventh Circuit · 1999
- County of McHenry v. Insurance Company of the WestCourt of Appeals for the Seventh Circuit · 2006
101 more not listed; retrieve them via the Exa API.