Legal Opinion
City of Edinburgh Council as A v. Pfizer Inc
Court of Appeals for the Third Circuit
Decided June 6, 2014No. 13-2314PublishedCited by 130 opinions
1Opinion of the Court
OPINION OF THE COURT
SCIRICA, Circuit Judge.
In this private securities fraud class action under the Private Securities Litigation Reform Act of 1995 (“PSLRA”), two institutional investors allege a pharmaceutical company and its executives made materially false and misleading statements in violation of the Securities Exchange Act of 1934 (the “Exchange Act”) regarding interim clinical trial data related to the development of an experimental Alzheimer’s drug. The District Court granted defendants’ motion to dismiss for failure to state a claim under Rule 12(b)(6) of the Federal Rules of Civil…
2Cases cited22 opinions
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- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Chiarella v. United StatesSupreme Court of the United States · 1980
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3Cited by130 opinions
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- AG Funds, L.P. v. SanofiDistrict Court, S.D. New York · 2015
- In Re Hertz Global Holdings Inc.Court of Appeals for the Third Circuit · 2018
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