Legal Opinion
Griggs v. Pace American Group, Inc.
Court of Appeals for the Ninth Circuit
Decided March 12, 1999No. 97-16619PublishedCited by 35 opinions
1Opinion of the Court
CHOY, Circuit Judge:
In this case, we examine the issue of whether a former shareholder who exchanges his stock for contingent rights to receive stock, has standing to sue as a purchaser of stock for purposes of § 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. Exercising our jurisdiction under 28 U.S.C. § 1291, we determine that standing does exist under such circumstances. We therefore reverse the decision of the district court and remand the ease for further pro- . ceedings.
Factual and Procedural Background
Plaintiff-appellant H. James Griggs (“Griggs”) appeals the district…
2Cases cited12 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- American Pipe & Construction Co. v. UtahSupreme Court of the United States · 1974
- Dcd Programs, Ltd. v. Michael W. Leighton, Hill, Farrer & BurrillCourt of Appeals for the Ninth Circuit · 1987
- Lampf, Pleva, Lipkind, Prupis & Petigrow v. GilbertsonSupreme Court of the United States · 1991
- Crown, Cork & Seal Co. v. ParkerSupreme Court of the United States · 1983
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3Cited by35 opinions
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- Griffin v. BSFI WESTERN E & P, INC.Louisiana Court of Appeal · 2002
- Philip M. McQuirk v. Louis Kevin Donnelley, Sheriff Glenn County Glenn CountyCourt of Appeals for the Ninth Circuit · 1999
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