Legal Opinion
Gurary v. Nu-Tech Bio-Med, Inc.
Court of Appeals for the Second Circuit
Decided August 23, 2002No. Docket Nos. 01-7969(L), 01-9000(XAP)PublishedCited by 33 opinions
1Opinion of the Court
Chief Judge JOHN M. WALKER, Jr., concurs in a separate opinion.
CALABRESI, Circuit Judge.
Responding to what it perceived to be an unwillingness on the part of courts to impose discretionary sanctions on parties who brought abusive securities fraud lawsuits, Congress passed Section 21D(c) of the Private Securities Litigation Reform Act of 1995 (PSLRA), 15 U.S.C. § 78u-4(c). See S.Rep. No. 104-98, at 13 (1995), reprinted in 1995 U.S.C.C.A.N. 679, 692. While the mischief that Congress was addressing is clear, the statutory language Congress employed is not.
The PSLRA dictates sanctions for…
2Cases cited10 opinions
- Cooter & Gell v. Hartmarx Corp.Supreme Court of the United States · 1990
- Krumme v. WestPoint Stevens Inc.Court of Appeals for the Second Circuit · 2000
- Gurary v. WinehouseCourt of Appeals for the Second Circuit · 1999
- Mordechai Gurary v. Isaac Winehouse and Isaac Winehouse, Doing Business as Wall & Broad Equities, Nu-Tech Bio-Med, Inc.Court of Appeals for the Second Circuit · 2000
- Simon Debartolo Group, L.P., Gordon Altman Butowsky Weitzen Shalov & Wein v. The Richard E. Jacobs Group, Inc., and New England Development, Inc.Court of Appeals for the Second Circuit · 1999
5 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Thompson v. Relationserve Media, Inc.Court of Appeals for the Eleventh Circuit · 2010
- De La Fuente v. DCI Telecommunications, Inc.District Court, S.D. New York · 2003
- In Re GeoPharma, Inc. Securities LitigationDistrict Court, S.D. New York · 2006
- Morris v. Wachovia Securities, Inc.Court of Appeals for the Fourth Circuit · 2006
- Tara Scott v. Vantage CorpCourt of Appeals for the Third Circuit · 2023
28 more not listed; retrieve them via the Exa API.