Legal Opinion

Halperin v. eBanker USA.COM, Inc.

Court of Appeals for the Second Circuit

Decided July 9, 2002No. 01-7440PublishedCited by 173 opinions

1Opinion of the Court

CARDAMONE, Circuit Judge.

This appeal involves investors who by purchasing securities took a risk for the purpose of securing an economic advantage but, failing to exercise prudence, instead suffered a loss. Plaintiffs claim defendants, sellers of the securities, defrauded them; when in fact what plaintiffs had done was to make a bad investment. Plaintiffs Michael Halperin, M.D., and Donald Kern, D.D.S., appeal from a judgment of the United States District *355Court for the Southern District of New York (Martin, J.), entered March 26, 2001 granting defendants’ motion to dismiss their complaint for…

2Cases cited16 opinions

  1. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  2. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
  3. Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985
  4. Fed. Sec. L. Rep. P 99,272, 96 Cal. Daily Op. Serv. 5268, 96 Daily Journal D.A.R. 8535 in Re Stac Electronics Securities Litigation. Timothy J. Anderson Neil Singer Arthur Singer, on Behalf of Themselves and All Others Similarly Situated v. Gary W. Clow Douglas Whiting Robert Johnson Alex Brown & Sons Incorporated Lawrence FinchCourt of Appeals for the Ninth Circuit · 1996
  5. In Re Donald J. Trump Casino Securities Litigation--Taj Mahal Litigation. Sidney L. Kaufman, Suing Individually and on Behalf of a Class of Persons Similarly Situated Jerome Schwartz, Suing Individually and on Behalf of a Class of Persons Similarly Situated Peter Stuyvesant, Ltd., on Behalf of Itself and All Others Similarly Situated Susan Cagan Eric Cagan David E. Dougherty Jean Curzio Alexander L. Charnis Dorothy Arkell Fred Glossner Herman Krangel Robert Kloss Helen Kloss Fairmount Financial Corp. Joanne Gollomp Dino Del Zotto v. Trump's Castle Funding Trump's Castle Associates Limited Partnership, a New Jersey Limited Partnership Trump Taj Mahal Funding, Inc., a New Jersey Corporation Trump Taj Mahal Associates Limited Partnership, a New Jersey Limited Partnership Donald J. Trump Robert S. Trump John O'DOnnell Nathan Katz Tim Maland Francisco Tejeda Julian Menarguez Harvey I. Freeman Paul Henderson Patrick C. McKoy Edward M. Tracy Michael S. Vautrin Jeffrey A. Ross John P. Belisle Timothy G. Rose Lori Taylor C. "Bucky" Willard the Trump Organization, Inc. Trump Taj Mahal, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated. Sidney L. Kaufman, Suing Individually and on Behalf of a Class of Persons Similarly Situated v. Trump's Castle Funding Trump's Castle Associates Limited Partnership, a New Jersey Limited Partnership Trump Taj Mahal Funding, Inc., a New Jersey Corporation Trump Taj Mahal Associates Limited Partnership, a New Jersey Limited Partnership Donald J. Trump. Jerome Schwartz, Suing Individually and on Behalf of a Class of Persons Similarly Situated v. Trump's Castle Funding, Inc. (A New Jersey Corporation) Trump's Castle Associates Limited Partnership (A New Jersey Limited Partnership) Trump Taj Mahal Funding, Inc. (A New Jersey Corporation) Trump Taj Mahal Associates Limited Partnership (A New Jersey Limited Partnership) Donald J. Trump. Peter Stuyvesant, Ltd., on Behalf of Itself and All Others Similarly Situated v. Donald J. Trump Robert S. Trump John O'DOnnell Trump Plaza Funding, Inc. Nathan Katz Tim Maland Trump Plaza Associates Francisco Tejeda Julian Menarguez Harvey I. Freeman Paul Henderson Patrick C. McKoy Edward M. Tracy Michael S. Vautrin Jeffrey A. Ross John P. Belisle Timothy G. Rose Trump's Castle Funding, Inc. Lori Taylor Trump's Castle Associates Limited Partnership. Susan Cagan Eric Cagan David E. Dougherty Jean Curzio v. Donald J. Trump Robert S. Trump Harvey I. Freeman C. "Bucky" Willard Trump Taj Mahal Funding, Inc. Trump Taj Mahal Associates Limited Partnership the Trump Organization, Inc. Trump Taj Mahal Incorporated Merrill Lynch, Pierce, Fenner & Smith Incorporated. Alexander L. Charnis Dorothy Arkell v. Donald J. Trump Robert S. Trump Harvey I. Freeman C. "Bucky" Willard Trump Taj Mahal Funding, Inc. Trump Taj Mahal Associates Limited Partnership the Trump Organization, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated. Fairmont Financial Corp. Joanne Gollomp, on Behalf of Themselves and All Others Similarly Situated v. Donald J. Trump Harvey S. Freeman Robert S. Trump the Trump Organization, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Trump Taj Mahal Funding, Inc. Trump Taj Mahal, Inc. Trump Taj Mahal Associates Limited Partnership. Robert Kloss Helen Kloss v. Donald J. Trump Robert S. Trump Harvey I. Freeman C. "Bucky" Willard Trump Taj Mahal Associates Limited Partnership the Trump Organization, Inc. Trump Taj Mahal, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated. Fred Glossner Herman Krangel v. Donald J. Trump Harvey S. Freeman Robert S. Trump the Trump Organization, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Trump Taj Mahal Funding, Inc. Trump Taj Mahal, Inc. Trump Taj Mahal Associates Limited Partnership. Dino Del Zotto v. Donald J. Trump Robert S. Trump Harvey I. Freeman C. "Bucky" Willard Trump Taj Mahal Funding, Inc. Trump Taj Mahal Associates the Trump Organization, Inc. Trump Taj Mahal, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Joanne Gollomp, Susan Cagan, Eric Cagan, David E. Dougherty, Jean Curzio, Robert and Helen Kloss, Fred Glossner, Herman Krangel, Sidney Kaufman, Jerome Schwartz, Dino Del Zotto, Alexander L. Charnis and Dorothy Arkell, on Behalf of Themselves and All Others Similarly SituatedCourt of Appeals for the Third Circuit · 1993

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3Cited by173 opinions

  1. Rombach v. ChangCourt of Appeals for the Second Circuit · 2004
  2. Rombach v. ChangCourt of Appeals for the Second Circuit · 2004
  3. In Re Initial Public Offering Securities LitigationDistrict Court, S.D. New York · 2003
  4. In Re Bank of America Corp. Securities, Derivative, & Employee Retirement Income Security Act (ERISA) LitigationDistrict Court, S.D. New York · 2010
  5. In Re Merrill Lynch & Co., Research Reports Securities LitigationDistrict Court, S.D. New York · 2003

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