Legal Opinion
Minneapolis Firefighters' Relief Ass'n v. Memc Electronic Materials, Inc.
Court of Appeals for the Eighth Circuit
Decided June 17, 2011No. 10-1761PublishedCited by 30 opinions
1Opinion of the Court
RILEY, Chief Judge.
Mahendra A. Patel is the lead plaintiff in this consolidated, but uncertified, class action securities lawsuit against MEMC Electronic Materials, Inc. (MEMC) and its former president and chief executive officer, Nabeel Gareeb (collectively, defendants). Patel’s proposed class action alleges violations of § 10(b) and § 20(a) of the Securities Exchange Act of 1934, 48 Stat. 891 (codified as amended at 15 U.S.C. §§ 78j(b) and 78t(a)). The district court 1 dismissed Patel’s lawsuit, reasoning (1) the defendants did not have a duty to announce production failures to MEMC’s…
2Cases cited17 opinions
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- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Matrixx Initiatives, Inc. v. SiracusanoSupreme Court of the United States · 2011
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3Cited by30 opinions
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- Rand-Heart of New York, Inc. v. James P. DolanCourt of Appeals for the Eighth Circuit · 2016
- Police Officers Pension Fund v. Meredith CorporationCourt of Appeals for the Eighth Circuit · 2021
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