Legal Opinion
Maverick Fund, L.D.C. v. Comverse Technology, Inc.
District Court, E.D. New York
Decided July 12, 2011No. 10-CV-4436 (JG)(JO)PublishedCited by 14 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
JOHN GLEESON, District Judge.
This case arises out of claims brought by a group of seven hedge funds that purchased and sold millions of shares of Corn-verse Technology, Inc. (“Comverse” or “the Company”) stock between 2001 and 2007. Plaintiffs previously opted out of a $225 million settlement of a related shareholder class action against Comverse (“the Class Action”), and now bring this action to pursue claims under Sections 10(b), 18 and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. §§ 78j(b), 78r and 78t(a), Securities and Exchange…
2Cases cited41 opinions
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- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
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3Cited by14 opinions
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- In re Braskem S.A. Securities LitigationDistrict Court, S.D. New York · 2017
- Comprehensive Investment Services, Inc. v. MuddDistrict Court, S.D. New York · 2012
- Purchase Partners, LLC v. Carver Federal Savings BankDistrict Court, S.D. New York · 2012
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