Legal Opinion
Roth v. The Goldman Sachs Group, Inc.
Court of Appeals for the Second Circuit
Decided January 29, 2014No. Docket 12-2509-cvPublishedCited by 11 opinions
1Opinion of the Court
WINTER, Circuit Judge:
Andrew Roth appeals from Judge Oetk-eris dismissal under Fed.R.Civ.P. 12(b)(6) of his derivative action on behalf of Leap Wireless International, Inc. (“Leap”). He seeks to hold the Goldman Sachs Group and its wholly owned subsidiary Goldman, Sachs & Co. (collectively, “Goldman”) liable under Section 16(b) of the Securities Exchange Act (“Exchange Act”) 1 and Rule 16b-6(d) 2 for their failure to disgorge “short-swing profits” derived from writing call options on Leap stock.
Although Section 16(b) is long in the tooth — older even than the author of this opinion — and the…
2Cases cited12 opinions
- Auer v. RobbinsSupreme Court of the United States · 1997
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- Allaire Corp. v. OkumusCourt of Appeals for the Second Circuit · 2006
- Operating Local 649 Annuity Trust Fund v. Smith Barney Fund Management LLCCourt of Appeals for the Second Circuit · 2010
- Reliance Electric Co. v. Emerson Electric Co.Supreme Court of the United States · 1972
7 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Olagues v. Perceptive Advisors LLCCourt of Appeals for the Second Circuit · 2018
- Chechele v. SperlingCourt of Appeals for the Second Circuit · 2014
- Olagues v. IcahnCourt of Appeals for the Second Circuit · 2017
- Roth ex rel. YRC Worldwide Inc. v. Solus Alternative Asset Management LPDistrict Court, S.D. New York · 2015
- Avalon Holdings Corporation v. GentileDistrict Court, S.D. New York · 2022
6 more not listed; retrieve them via the Exa API.