Legal Opinion
Levitt v. Bear Stearns & Co.
District Court, E.D. New York
Decided June 27, 2002No. 99 CV 2789(ADS)(MLO); MDL Docket No. 1208 (ADS)(MLO)PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OF DECISION AND ORDER
SPATT, District Judge.
On February 16,1999, the plaintiffs filed a complaint alleging that Bear Stearns & Co., Inc. and Bear Stearns Securities Corp. (“BSSC”), (collectively, “Bear Stearns” or the “defendants”) violated Sections 10(b) and 20(a) of the Securities and Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. §§ 78j(b), 78t(a), by participating in a scheme with Sterling Foster & Co., Inc. (“Sterling Foster”) to manipulate the market for ML Direct, Inc. (“ML Direct”) securities during and after the company’s initial public offering (“IPO”). Presently…
2Cases cited32 opinions
- Lampf, Pleva, Lipkind, Prupis & Petigrow v. GilbertsonSupreme Court of the United States · 1991
- Leonard F. v. Israel Discount Bank of New York, and the Metropolitan Life Insurance CompanyCourt of Appeals for the Second Circuit · 1999
- Rothman v. GregorCourt of Appeals for the Second Circuit · 2000
- William Hayden v. County of Nassau, United States of America and Nassau County Guardians Association, Defendants-Intervenors-AppelleesCourt of Appeals for the Second Circuit · 1999
- Kramer v. Time Warner IncCourt of Appeals for the Second Circuit · 1991
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3Cited by2 opinions
- In Re Sterling Foster & Co., Inc. Securities Lit.District Court, E.D. New York · 2002
- Massachusetts Nurses Ass'n v. North Adams Regional HospitalDistrict Court, D. Massachusetts · 2005