Legal Opinion
Fed. Sec. L. Rep. P 97,713 Adolph P. Raab Lenora Isaacs v. General Physics Corporation Martin M. Pollak Roger E. Klose John C. McAuliffe
Court of Appeals for the Fourth Circuit
Decided August 26, 1993No. 93-1164PublishedCited by 215 opinions
1Opinion of the Court
OPINION
WILKINSON, Circuit Judge:
In this case, we must address the impact of the securities laws on a company’s predictions of its future business prospects. We hold that the prognostications here are not the specific guarantees necessary to make such predictions material, and accordingly, we affirm the district court’s dismissal of the complaint.
I
General Physics Corporation provides personnel training and technical support services to the domestic nuclear power industry. In addition, the company’s DOE Services Group provides services to the Department of Energy (DOE) and to the prime…
2Cases cited12 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- David Hanon v. Dataproducts Corporation Jack C. DavisCourt of Appeals for the Ninth Circuit · 1992
- Virginia Bankshares, Inc. v. SandbergSupreme Court of the United States · 1991
- In Re Apple Computer Securities LitigationCourt of Appeals for the Ninth Circuit · 1989
- Fed. Sec. L. Rep. P 97,451 Jerry Krim, on Behalf of Himself and All Others Similarly Situated v. Banctexas Group, Inc., Banctexas Group, Inc.Court of Appeals for the Fifth Circuit · 1993
7 more not listed; retrieve them via the Exa API.
3Cited by215 opinions
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
- Shaw v. Digital Equipment Corp.Court of Appeals for the First Circuit · 1996
- San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.Court of Appeals for the Second Circuit · 1996
- Rosenzweig v. Azurix Corp.Court of Appeals for the Fifth Circuit · 2003
210 more not listed; retrieve them via the Exa API.