Legal Opinion
Dobina v. Weatherford International Ltd.
District Court, S.D. New York
Decided November 7, 2012No. 11 Civ. 1646 (LAK)PublishedCited by 24 opinions
1Opinion of the Court
MEMORANDUM OPINION
LEWIS A. KAPLAN, District Judge.
This action arises out of statements regarding the internal controls and accounting practices of Weatherford International Ltd. (“Weatherford” or the “Company”), after Weatherford announced in 2011 that it had understated its tax expenses from 2007 through 2010 by over $500 million. Lead plaintiff American Federation of Musicians and Employer’s Pension Fund (“AFME”) alleges that Weatherford and certain of its officers, as well as its auditor Ernst & Young LLP (“Ernst & Young” or “E & Y”), violated Sections 10(b) and 20(a) of the Securities…
2Cases cited36 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Mills v. Polar Molecular Corp.Court of Appeals for the Second Circuit · 1993
- Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. BrennanCourt of Appeals for the First Circuit · 1996
- Rothman v. GregorCourt of Appeals for the Second Circuit · 2000
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3Cited by24 opinions
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- United States Securities & Exchange Commission v. WeyDistrict Court, S.D. New York · 2017
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