Rosenbaum v. Syntex Corp.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
TROTT, Circuit Judge:
OVERVIEW
Plaintiffs, purchasers of Syntex Corporation’s common stock, appeal from the district court’s order dismissing their securities class action suit alleging “fraud on the market.” In their Second Amended Complaint, Plaintiffs allege that Syntex and several of its directors and officers violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934 when they issued false statements about the company’s financial outlook and, in turn, artificially inflated the value of Syntex’s stock. The district court granted Defendants’ motion to dismiss finding that: 1)…
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3Cited by18 opinions
- Fed. Sec. L. Rep. P 99,310, 96 Cal. Daily Op. Serv. 6865, 96 Daily Journal D.A.R. 11,226 in Re Syntex Corp. Securities Litigation. Arthur M. Rosenbaum Richard Gorosh, on Behalf of Themselves and All Others Similarly Situated Kenneth Wynne Judy Wynne Robert Younger Jerrald Schaffer Joseph Cocola Rita Cocola Robert K. Greenfield Amy Tresti Alan R. Tresti Steven J. Gutter Carol Morris Nicholas J. Donohue G. King Perry Henry Cole Bori Berkow and Eric Rose v. Syntex Corporation Paul E. Freiman James N. Wilson John Fried Marvyn Carton Allen & Company Incorporated and Thomas GutshallCourt of Appeals for the Ninth Circuit · 1996
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- Hawaii Ex Rel. Attorney General v. Federal Emergency Management AgencyDistrict Court, D. Hawaii · 1999
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