Blackie v. Barrack
Court of Appeals for the Ninth Circuit
1Opinion of the Court
OPINION
Before TUTTLE,* KOELSCH and BROWNING, Circuit Judges. KOELSCH, Circuit Judge:
These are appeals from an order conditionally certifying a class in consolidated actions for violation of Section 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b — 5 promulgated thereunder, 17 C.F.R. § 240.-10(b) — 5.
The litigation is a product of the financial troubles of Ampex Corporation. The annual report issued May 2, 1970, for fiscal 1970, reported a profit of $12 million. By January 1972, the company was predicting an estimated $40 million loss for fiscal 1972 (ending…
2Cases cited56 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Hansberry v. LeeSupreme Court of the United States · 1940
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