Legal Opinion
Fed. Sec. L. Rep. P 93,947 Dean Walling v. Beverly Enterprises, a California Corporation
Court of Appeals for the Ninth Circuit
Decided April 9, 1973No. 71-1510PublishedCited by 226 opinions
1Opinion of the Court
CHOY, Circuit Judge:
Appellants (West Texas Shareholders), owners of all the shares of West Texas Medical Center, Inc. (West Texas), a Texas corporation, brought this action against Beverly Enterprises (Beverly), a California corporation, for alleged violations of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 781(b), 1 and SEC Rule 10b-5, 17 C.F.R. § 240.10b-5, 2 and for breach of contract. Federal jurisdiction is based solely on the securities law violations. 3
The district court held that West Texas Shareholders had failed to state a claim for relief under federal…
2Cases cited15 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
- Durland v. United StatesSupreme Court of the United States · 1896
- A. T. Brod & Co. v. Jack Perlow and Adele Perlow, Also Known as Adele WagnerCourt of Appeals for the Second Circuit · 1967
- Richard Shemtob v. Shearson, Hammill & Co., Inc.Court of Appeals for the Second Circuit · 1971
10 more not listed; retrieve them via the Exa API.
3Cited by226 opinions
- In Re Glenfed, Inc. Securities LitigationCourt of Appeals for the Ninth Circuit · 1994
- Semegen v. WeidnerCourt of Appeals for the Ninth Circuit · 1985
- Regina Warshaw and John D. Kaufman, on Behalf of Themselves and All Others Similarly Situated v. Xoma Corporation Steven C. MendellCourt of Appeals for the Ninth Circuit · 1996
- Schreiber Distributing Co. v. Serv-Well Furniture Co.Court of Appeals for the Ninth Circuit · 1986
- Fed. Sec. L. Rep. P 95,351 Billie Jean Woodward v. Metro Bank of DallasCourt of Appeals for the Fifth Circuit · 1975
221 more not listed; retrieve them via the Exa API.