Legal Opinion
In Re Kidder Peabody Securities Litigation
District Court, S.D. New York
Decided July 6, 1998No. 94 Civ. 3954(BSJ)PublishedCited by 58 opinions
1Opinion of the Court
MEMORANDUM & ORDER
JONES, District Judge.
This consolidated class action arises from allegations that a trader at defendant Kidder, Peabody & Co., Inc. (“Kidder”) engaged in an ongoing scheme from late 1991 until April 1994 to generate false profits through the use of phantom trades. At the time of the alleged scheme, Kidder was a wholly-owned subsidiary of General Electric Company (“GE”). Following disclosure of the scheme, plaintiffs, shareholders of GE who purchased GE common stock between February 26, 1993, and April 15, 1994, commenced this action. Plaintiffs allege that Kidder, its…
2Cases cited43 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
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3Cited by58 opinions
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- City Of Monroe Employees Retirement System v. Bridgestone CorporationCourt of Appeals for the Sixth Circuit · 2005
- In Re Alstom SA Securities LitigationDistrict Court, S.D. New York · 2005
- Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLCDistrict Court, S.D. New York · 2006
- Ganino v. Citizens Utilities Co.Court of Appeals for the Second Circuit · 2000
53 more not listed; retrieve them via the Exa API.