Legal Opinion
In Re XM Satellite Radio Holdings Securities Litigation
District Court, District of Columbia
Decided March 28, 2007No. Civil Action 06-0802 (ESH)PublishedCited by 25 opinions
1Opinion of the Court
MEMORANDUM OPINION
HUVELLE, District Judge.
Plaintiffs 1 seek recovery in this class action for their purchase of stock or stock options in XM Satellite Radio Holdings, Inc. (“XM” or “the company”) between July 28, 2005 and February 16, 2006 (the “class period”). XM is a Delaware corporation with its principal place of business and chief operating offices located in Washington, D.C. According to plaintiffs’ allegations, on February 16, 2006, XM disclosed that it had incurred significantly increased marketing expenses in its fourth quarter and subsequently XM’s stock dropped by nearly 28.5…
2Cases cited52 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Papasan v. AllainSupreme Court of the United States · 1986
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
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3Cited by25 opinions
- Intelsat USA Sales Corp. v. Juch-Tech, Inc.District Court, District of Columbia · 2013
- Stevens v. InPhonic, Inc.District Court, District of Columbia · 2009
- Jefferson v. CollinsDistrict Court, District of Columbia · 2012
- United States v. Honeywell International Inc.District Court, District of Columbia · 2011
- United States Securities & Exchange Commission v. BrownDistrict Court, District of Columbia · 2010
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