Legal Opinion
Dellastatious v. Williams
Court of Appeals for the Fourth Circuit
Decided February 22, 2001No. 00-1577, 00-1595PublishedCited by 15 opinions
1Opinion of the Court
OPINION
WILKINSON, Chief Judge:
Richmond Dellastatious brought this securities fraud action against Donald Wilbams and Raymond Kelly claiming that they were liable as “control persons” under the Securities Exchange Act of 1934 and the Virginia Securities Act. See 15 U.S.C. § 78t(a); Va.Code § 13.1-522(C). The district court granted Wilbams and Kelly’s motion for summary judgment, holding that they were not control persons and that they satisfied the statutes’ good-faith defense. Because Williams and Kelly were corporate directors who acted in good faith reliance on a corporate decision-making…
2Cases cited6 opinions
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
- Simon Debartolo Group, L.P., Gordon Altman Butowsky Weitzen Shalov & Wein v. The Richard E. Jacobs Group, Inc., and New England Development, Inc.Court of Appeals for the Second Circuit · 1999
- Fed. Sec. L. Rep. P 97,862 G. A. Thompson & Co., Inc. v. Herbert Partridge, Robert M. Presley, Frank Andrews and C. Thomas MurphyCourt of Appeals for the Fifth Circuit · 1981
- Carpenter v. Harris, Upham & Co.Court of Appeals for the Fourth Circuit · 1979
- WLR Foods, Inc. v. Tyson Foods, Inc.Court of Appeals for the Fourth Circuit · 1995
1 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Citibank Global Markets, Inc. v. Rodriguez SantanaCourt of Appeals for the First Circuit · 2009
- Thompson v. Relationserve Media, Inc.Court of Appeals for the Eleventh Circuit · 2010
- Frank v. Dana Corp.Court of Appeals for the Sixth Circuit · 2011
- City of Livonia Employees' Retirement System & Local 295/Local 851 v. Boeing Co.Court of Appeals for the Seventh Circuit · 2013
- Federal Trade Commission v. RossCourt of Appeals for the Fourth Circuit · 2014
10 more not listed; retrieve them via the Exa API.