Legal Opinion
In Re Exxon Mobil Corp. Securities Litigation
Court of Appeals for the Third Circuit
Decided August 27, 2007No. 05-4571PublishedCited by 52 opinions
1Opinion of the Court
OPINION OF THE COURT
AMBRO, Circuit Judge.
By most accounts, the merger between Exxon and Mobil has been quite successful. Shareholders in the new ExxonMobil have benefitted from a tremendous increase in stock price since the companies’ merger in 1999. But the plaintiffs here, former shareholders of Mobil, want more. They allege that a misrepresentation by Exxon made in the course of the merger negotiations and ensuing votes caused them to receive fewer shares in the combined corporation than they otherwise were entitled. We will never know the merits of this allegation though, for we agree…
2Cases cited31 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Erickson v. PardusSupreme Court of the United States · 2007
- Landgraf v. USI Film ProductsSupreme Court of the United States · 1994
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
26 more not listed; retrieve them via the Exa API.
3Cited by52 opinions
- Burtch v. Milberg Factors, Inc.Court of Appeals for the Third Circuit · 2011
- In Re Bank of America Corp. Securities, Derivative, & Employee Retirement Income Security Act (ERISA) LitigationDistrict Court, S.D. New York · 2010
- Andrea Jones v. Southpeak Interactive CorporationCourt of Appeals for the Fourth Circuit · 2015
- Beck v. DobrowskiCourt of Appeals for the Seventh Circuit · 2009
- DeKalb County Pension Fund v. Transocean Ltd.Court of Appeals for the Second Circuit · 2016
47 more not listed; retrieve them via the Exa API.