Legal Opinion
Allaire Corp. v. Okumus
Court of Appeals for the Second Circuit
Decided January 5, 2006No. Docket No. 04-2149-CVPublishedCited by 227 opinions
1Opinion of the Court
BACKGROUND
SACK, Circuit Judge.
Plaintiff Allaire Corporation (“Allaire”) is a Delaware corporation.1 At all relevant times, Allaire’s common stock was traded on the NASDAQ National Market. Defendant Ahmet H. Okumus directly or indirectly controls each of the other defendants (defendants collectively, “Okumus”).
According to Allaire’s complaint, Okumus wrote (sold) a set of call options on Allaire common stock on November 17, 2000. Three days later, on November 20, 2000, Okumus allegedly acquired a sufficient number of shares to become a statutory insider for purposes of section 16(b). On…
2Cases cited7 opinions
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Sosa v. Alvarez-MachainSupreme Court of the United States · 2004
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- Scutti Enterprises, LLC v. Park Place Entertainment Corporation and Park Place Akwesasne Consulting Corp.Court of Appeals for the Second Circuit · 2003
- Fed. Sec. L. Rep. P 90,216 Magma Power Company v. The Dow Chemical CompanyCourt of Appeals for the Second Circuit · 1998
2 more not listed; retrieve them via the Exa API.
3Cited by227 opinions
- Lerner v. Fleet Bank, N.A.Court of Appeals for the Second Circuit · 2006
- Rolon v. HennemanCourt of Appeals for the Second Circuit · 2008
- Kirch v. Liberty Media Corp.Court of Appeals for the Second Circuit · 2006
- Newton v. City of New YorkDistrict Court, S.D. New York · 2008
- Henry v. NYC Health & Hospital Corp.District Court, S.D. New York · 2014
222 more not listed; retrieve them via the Exa API.