Legal Opinion
In Re Cigna Corp. Securities Litigation
District Court, E.D. Pennsylvania
Decided August 18, 2006No. Civil Action 02-8088PublishedCited by 17 opinions
1Opinion of the Court
MEMORANDUM REGARDING ECONOMIC LOSS
BAYLSON, District Judge.
Defendants in this class action securities fraud case assert that the Lead Plaintiff, Pennsylvania Employees Retirement System (“SERS”) will be unable to prove economic loss and loss causation, and have filed a Motion for Summary Judgment seeking to dismiss SERS’s claims on that ground. In a nutshell, the facts show that SERS purchased, through investment ad-visors, large quantities of CIGNA common stock both before and during the alleged class damage period 1 (November 1, 2001 to October 24, 2002, inclusive), but also sold larger…
2Cases cited26 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
21 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- In re Urban Outfitters, Inc. Securities LitigationDistrict Court, E.D. Pennsylvania · 2015
- GVA Market Neutral Master Ltd. v. Veras Capital Partners Offshore Fund, Ltd.District Court, S.D. New York · 2008
- In re Vivendi UniversalDistrict Court, S.D. New York · 2012
- In re Organogenesis Securities LitigationDistrict Court, D. Massachusetts · 2007
- In Re Intelligroup Securities LitigationDistrict Court, D. New Jersey · 2006
12 more not listed; retrieve them via the Exa API.