Desai v. Deutsche Bank Securities Ltd.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
Per Curiam Opinion; Concurrence by Judge O’SCANNLAIN; Concurrence by Judge GRABER.
2Per curiam
We must decide whether a putative class can be certified in this securities ■ fraud class action.
I
This appeal stages the last act of a long drama that followed the collapse of an elaborate stock manipulation scheme.
A
Genesislntermedia, Inc. (“GENI”) is a Delaware corporation with its registered address in California. Its stock once traded on the NASDAQ, but since late 2001 has traded over the counter but off the NASDAQ.1 Turmoil in GENI’s stock price began in the fall of 2001 and continued as the details emerged…
3Cases cited29 opinions
- Michael Henry Ferdik v. Joe Bonzelet, SheriffCourt of Appeals for the Ninth Circuit · 1992
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
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4Cited by61 opinions
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- Waggoner v. Barclays PLCCourt of Appeals for the Second Circuit · 2017
- WPP Luxembourg Gamma Three Sarl v. Spot Runner, Inc.Court of Appeals for the Ninth Circuit · 2011
- Nuveen Municipal High Income Opportunity Fund v. City of AlamedaCourt of Appeals for the Ninth Circuit · 2013
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