Legal Opinion

NEW JERSEY & ITS DIVISION OF INVESTMENT v. Sprint

District Court, D. Kansas

Decided December 17, 2010No. Case 03-2071-JWLPublished

1Opinion of the Court

MEMORANDUM & ORDER

JOHN W. LUNGSTRUM, District Judge.

Plaintiff filed this proposed securities fraud class action suit on behalf of persons who purchased or acquired Sprint common stock on the open market from March 1, 2001 through January 29, 2003 (the “Class Period”). In its second amended complaint, which is subject to the heightened pleading standards of the Private Securities Litigation Reform Act of 1995 (PSLRA), 15 U.S.C. § 78u-4, plaintiff alleges that a single statement made in Sprint’s March 2001 proxy materials, and repeated in Sprint’s March 2002 proxy materials, was misleading.…

2Cases cited13 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  3. In Re Time Warner Inc. Securities LitigationCourt of Appeals for the Second Circuit · 1993
  4. Lifewise Master Funding v. TelebankCourt of Appeals for the Tenth Circuit · 2004
  5. Thom v. Bristol-Myers Squibb Co.Court of Appeals for the Tenth Circuit · 2003

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