Legal Opinion
Harold Pinker, Individually and on Behalf of All Others Similarly Situated v. Roche Holdings Ltd. Harold Pinker
Court of Appeals for the Third Circuit
Decided May 30, 2002No. 00-4318, 01-1562PublishedCited by 1,388 opinions
1Opinion of the Court
OPINION OF THE COURT
BECKER, Chief Judge.
American Depositary Receipts (“ADRs”) are financial instruments that allow investors in the United States to purchase and sell stock in foreign corporations in a simpler and more secure manner than trading in the underlying security in a foreign market. Harold Pinker, the plaintiff in this putative securities fraud class action, invested in ADRs of the defendant, Roche Holdings Ltd: (“Roche”), a Swiss corporation with its principal place of business in Switzerland. The gravamen of Pinker’s action is that he purchased Roche ADRs at a price that was…
2Cases cited26 opinions
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- Asahi Metal Industry Co. v. Superior Court of Cal., Solano Cty.Supreme Court of the United States · 1987
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3Cited by1,388 opinions
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