Legal Opinion
Stephenson v. PRICEWATERHOUSECOOPERS, LLP
District Court, S.D. New York
Decided March 6, 2011No. 09 CV 00716 (RJH)PublishedCited by 17 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
RICHARD J. HOLWELL, District Judge:
Defendant PricewaterhouseCoopers, LLP (“PWC”) moves to dismiss plaintiff G. Philip Stephenson’s claim that PWC’s fraud caused him to lose his entire investment in Greenwich Sentry, a fund which invested in Bernard Madoffs Ponzi scheme. For the reasons that follow, the Court finds that Stephenson has not adequately alleged that PWC acted with scienter and grants PWC’s motion to dismiss Stephenson’s fraud claim.
BACKGROUND
This action is one of several pending in this district arising out of Bernard Ma~ doffs revelation in December…
2Cases cited33 opinions
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- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Conley v. GibsonSupreme Court of the United States · 1957
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
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3Cited by17 opinions
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