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Legal Opinion

In re Kidder Peabody Securities Litigation

District Court, S.D. New York

Decided May 16, 1996No. 94 Civ. 3954 (BSJ)PublishedCited by 75 opinions

1Opinion of the Court

MEMORANDUM & ORDER

DOLINGER, United State Magistrate Judge:

This shareholder securities litigation is an outgrowth of an announcement by defendant Kidder Peabody on April 17,1994 that it had just discovered that one of its most prominent traders, Joseph Jett, had swindled Kidder. According to Kidder, Jett had perpetrated a highly profitable fraud by engaging in a money-losing pattern of trades in government securities while creating on Kidder’s bookkeeping system a record of phantom ' profits that had supposedly totalled hundreds of millions of dollars over a 28-month period. By doing so,…

2Cases cited28 opinions

  1. Upjohn Co. v. United StatesSupreme Court of the United States · 1981
  2. United States v. Paul A. BilzerianCourt of Appeals for the Second Circuit · 1991
  3. In Re Sealed CaseCourt of Appeals for the D.C. Circuit · 1982
  4. Fed. Sec. L. Rep. P 98,860 Athalie Doris Joy v. Nelson L. North, Nelson L. NorthCourt of Appeals for the Second Circuit · 1982
  5. Hearn v. RhayDistrict Court, E.D. Washington · 1975

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3Cited by75 opinions

  1. United States v. Monroe Adlman, as Officer and Representative of Sequa CorporationCourt of Appeals for the Second Circuit · 1998
  2. In Re: Grand Jury Proceedings United States of America v. John DoeCourt of Appeals for the Second Circuit · 2000
  3. United States v. Donald E. JacobsCourt of Appeals for the Second Circuit · 1997
  4. Pritchard v. County of ErieCourt of Appeals for the Second Circuit · 2008
  5. Parler & Wobber v. Miles & Stockbridge, P.C.Court of Appeals of Maryland · 2000

70 more not listed; retrieve them via the Exa API.

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