Legal Opinion
Sirota v. Solitron Devices, Inc.
Court of Appeals for the Second Circuit
Decided February 19, 1982No. Nos. 158, 310 and 476, Dockets 81-7357, 81-7367 and 81-7377PublishedCited by 261 opinions
1Opinion of the Court
OAKES, Circuit Judge:
This securities class action was tried on the theory that Solitron Devices, Inc. (Solitron), and certain of its officers, aided and abetted by its accountants, Louis Sternbach & Co. (Sternbach), intentionally issued annual reports and financial statements containing materially false misrepresentations of the company’s sales, income, and inventories. The plaintiff class, purchasers of Solitron shares on the public market (the American Stock Exchange), received a general verdict and favorable answers to special interrogatories from a jury in the United States District Court…
2Cases cited25 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- Franks v. Bowman Transportation Co.Supreme Court of the United States · 1976
- East Texas Motor Freight System, Inc. v. RodriguezSupreme Court of the United States · 1977
- Fed. Sec. L. Rep. P 95,351 Billie Jean Woodward v. Metro Bank of DallasCourt of Appeals for the Fifth Circuit · 1975
20 more not listed; retrieve them via the Exa API.
3Cited by261 opinions
- Rothman v. GregorCourt of Appeals for the Second Circuit · 2000
- Paul Stevelman, Individually and on Behalf of All Others Similarly Situated v. Alias Research Inc. And Stephen R.B. BinghamCourt of Appeals for the Second Circuit · 1999
- Veronica Caridad, Individually and on Behalf of All Others Similarly Situated v. Metro-North Commuter RailroadCourt of Appeals for the Second Circuit · 1999
- Robinson v. Metro-North Commuter R.R. Co.Court of Appeals for the Second Circuit · 2001
- In Re Initial Public Offering Securities Litigation.Court of Appeals for the First Circuit · 2006
256 more not listed; retrieve them via the Exa API.