Legal Opinion
Holmes v. Grubman
Supreme Court of Georgia
Decided February 8, 2010No. S09Q1585PublishedCited by 42 opinions
1Opinion of the Court
CARLEY, Presiding Justice.
As of June 1999, Appellants William K. Holmes and four entities controlled by him owned 2.1 million shares in WorldCom, Inc., the major telecommunications company which went bankrupt after the revelation of massive accounting fraud in 2002. In this suit against Appellees Citigroup Global Markets, Inc., f/k/a Salomon Smith Barney & Co., Inc. (SSB), and its financial analyst, Jack Grubman, Appellants allege that, on June 25, 1999, Holmes verbally ordered his broker at SSB to sell all of Appellants’ WorldCom stock, which was then being traded at approximately $92 per…
2Cases cited24 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
- Merrill Lynch, Pierce, Fenner & Smith Inc. v. DabitSupreme Court of the United States · 2006
- Holmes v. GrubmanCourt of Appeals for the Second Circuit · 2009
- Small v. Fritz Companies, Inc.California Supreme Court · 2003
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3Cited by42 opinions
- Grant Thornton LLP v. Prospect High Income FundTexas Supreme Court · 2010
- UWork.Com, Inc. v. Paragon Technologies, Inc.Court of Appeals of Georgia · 2013
- ROBERTS v. JP MORGAN CHASE BANK, NATIONAL ASSOCIATION Et Al.Court of Appeals of Georgia · 2017
- Greenwald v. OdomCourt of Appeals of Georgia · 2012
- Isaac v. CrichlowSuperior Court of The Virgin Islands · 2015
37 more not listed; retrieve them via the Exa API.