Legal Opinion
Claire Rand, Custodian for Brett Rand v. Monsanto Company
Court of Appeals for the Seventh Circuit
Decided February 20, 1991No. 90-1442PublishedCited by 175 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Brett Rand bought 200 shares of stock in Monsanto Company on July 23, 1985, five days after Monsanto announced plans to acquire G.D. Searle & Company. He argues in this securities suit that Monsanto committed fraud by not disclosing Searle’s potential liabilities for its Cu-7 intrauterine device, the subject of an article that Business Week published on October 4, 1985. The day after the article appeared, Monsanto stock fell from 46% to 41V8. The price later rose, however, and Rand sold his stock in March 1986 for 56% per share, a small advance over the 55V8 he paid…
2Cases cited14 opinions
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- Deposit Guaranty National Bank v. RoperSupreme Court of the United States · 1980
- Gulf Oil Co. v. BernardSupreme Court of the United States · 1981
- Burton M. Abrams and Marguerite M. Abrams v. Interco IncorporatedCourt of Appeals for the Second Circuit · 1983
- Lawrence C. Bieneman v. City of ChicagoCourt of Appeals for the Seventh Circuit · 1988
9 more not listed; retrieve them via the Exa API.
3Cited by175 opinions
- Lewis v. SullivanCourt of Appeals for the Seventh Circuit · 2002
- St. John's United Church of Christ v. City of ChicagoCourt of Appeals for the Seventh Circuit · 2007
- Continental Illinois Securities Litigation v. Continental Illinois CorporationCourt of Appeals for the Seventh Circuit · 1992
- William ALPERN and Russell D. Miller, on Behalf of Themselves and All Others Similarly Situated, Appellants, v. UTILICORP UNITED, INC., AppelleeCourt of Appeals for the Eighth Circuit · 1996
- Cheryl Reynolds v. Beneficial National Bank, Appeals of Belinda PetersonCourt of Appeals for the Seventh Circuit · 2002
170 more not listed; retrieve them via the Exa API.