Legal Opinion
Ashland, Inc. v. Oppenheimer & Co., Inc.
Court of Appeals for the Sixth Circuit
Decided July 28, 2011No. 10-5305PublishedCited by 73 opinions
1Opinion of the Court
OPINION
COOK, Circuit Judge.
The plaintiff, Ashland Inc. (“Ashland”), appeals the district court’s dismissal of its amended complaint against Oppenheimer & Co., Inc. (“Oppenheimer”) in this securities-fraud action. We affirm the district court’s decision.
I. Background
Ashland is a diversified global chemical company headquartered in Kentucky. Oppenheimer is a securities broker-dealer headquartered in New York. This suit arises from Ashland’s purchase of Oppenheimer-brokered auction rate securities (“ARS”) in 2007 and 2008.
ARS are long-term bonds whose interest rates periodically reset through…
2Cases cited30 opinions
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- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Matrixx Initiatives, Inc. v. SiracusanoSupreme Court of the United States · 2011
- In Re: Comshare, Incorporated Securities Litigation. Harry M. Hoffman v. Comshare, Inc.Court of Appeals for the Sixth Circuit · 1999
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3Cited by73 opinions
- Wayne LaFountain v. Shirlee HarryCourt of Appeals for the Sixth Circuit · 2013
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- Ansfield v. Omnicare, Inc. (In Re Omicare, Inc. Securities Litigation)Court of Appeals for the Sixth Circuit · 2014
- National Elevator Industry Pension Fund v. VeriFone Holdings, Inc.Court of Appeals for the Ninth Circuit · 2012
- Uduko v. CozzensDistrict Court, E.D. Michigan · 2013
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