Legal Opinion

Serabian v. Amoskeag Bank Shares, Inc.

Court of Appeals for the First Circuit

Decided May 27, 1994No. 93-2070PublishedCited by 129 opinions

1Opinion of the Court

COFFIN, Senior Circuit Judge.

The question on this appeal is whether appellants’ Third Amended Complaint states a claim for fraud under federal securities law, see 15 U.S.C. § 78j(b) (§ 10(b) of the Securities Exchange Act of 1934); SEC Rule 10b-5 (17 C.F.R. § 240.10b-5), a claim that must be plead “with particularity.” Fed.R.Civ.P. 9(b). The district court held that it did not, and dismissed the complaint with prejudice. After carefully studying the 86-page, 107-paragraph complaint, we have concluded that portions of it are entitled to survive. We therefore vacate the dismissal in part, and…

2Cases cited15 opinions

  1. Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
  2. Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
  3. Howard Wool v. Tandem Computers Incorporated, Robert C. Marshall, Henry v. Morgan, and James G. TreybigCourt of Appeals for the Ninth Circuit · 1987
  4. Tuchman v. DSC Communications Corp.Court of Appeals for the Fifth Circuit · 1994
  5. Garita Hotel Limited Partnership, Etc. v. Ponce Federal Bank, F.S.B.Court of Appeals for the First Circuit · 1992

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3Cited by129 opinions

  1. Shaw v. Digital Equipment Corp.Court of Appeals for the First Circuit · 1996
  2. In Re Silicon Graphics Inc. Securities Litigation. Edmund J. Janas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc., Deanna Brody Andrea S. Donald Israel Buck Ruth Buck Denise Struthers Thomas G. Di Cicco Ira Steven B. Ewall Rosalyn Golaine Jerry Krim Mary Anne Beke Herman Grossman Samuel J. Reiner Dennis Lucas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc.Court of Appeals for the Ninth Circuit · 1999
  3. FindWhat Investor Group v. FindWhat. ComCourt of Appeals for the Eleventh Circuit · 2011
  4. San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.Court of Appeals for the Second Circuit · 1996
  5. Glassman v. Computervision Corp.Court of Appeals for the First Circuit · 1996

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