Legal Opinion
Eisenstadt v. Centel Corp.
Court of Appeals for the Seventh Circuit
Decided May 12, 1997No. Nos. 96-2870, 96-3028PublishedCited by 198 opinions
1Opinion of the Court
POSNER, Chief Judge.
The plaintiffs in this class action under sections 10(b) and 20(a) of the Securities Exchange Act, 15 U.S.C. §§ 78j(b), 78t(a), and the SEC’s Rule 10b-5, 17 C.F.R. § 240.10b-5, seek to recover the damages they claim to have suffered as a consequence of buying stock in Centel Corporation during a period in which, according to the complaint, the defendants (Centel and two of its officers) were exaggerating the prospects for a planned auction of the company. The district judge granted summary judgment for the defendants on the ground that there had been no actionable…
2Cases cited30 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Christine Evans v. Technologies Applications & Service CompanyCourt of Appeals for the Fourth Circuit · 1996
- Sandra L. Waldridge v. American Hoechst Corp.Court of Appeals for the Seventh Circuit · 1994
- Williams v. Borough of West ChesterCourt of Appeals for the Third Circuit · 1989
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3Cited by198 opinions
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Gunville v. WalkerCourt of Appeals for the Seventh Circuit · 2009
- Malec v. SanfordDistrict Court, N.D. Illinois · 2000
- Regina Baines v. Walgreen CompanyCourt of Appeals for the Seventh Circuit · 2017
- Cherry Haywood v. Lucent Technologies, IncorporatedCourt of Appeals for the Seventh Circuit · 2003
193 more not listed; retrieve them via the Exa API.