Legal Opinion
Lormand v. US Unwired, Inc.
Court of Appeals for the Fifth Circuit
Decided April 9, 2009No. 07-30106PublishedCited by 1,203 opinions
1Opinion of the Court
DENNIS, Circuit Judge:
The plaintiff brings this putative class action on behalf of persons who allegedly (1) bought the common stock of US Unwired, Inc. (“US Unwired” or “the Company”) between May 23, 2000 and August 13, 2002, at prices falsely inflated by the defendants’ material misrepresentations that violated Sections 10(b) and 20(a) of the Securities and Exchange Act of 1934 and Rule 10b-5; and (2) suffered economic loss when the true facts about the company’s operations and programs were publicly disclosed and its stock price declined as a result. The defendants are US Unwired and a…
2Cases cited73 opinions
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- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
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3Cited by1,203 opinions
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