Legal Opinion
Rudinger v. Insurance Data Processing, Inc.
District Court, E.D. Pennsylvania
Decided November 19, 1991No. Civ. A. 90-2871PublishedCited by 14 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
DITTER, District Judge.
In this action, plaintiff alleges violations of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j; Securities Exchange Commission Rule 10b-5, 17 C.F.R. 240.10b-5; and Pennsylvania law. Defendants move for summary judgment contending: 1) plaintiff has failed to show the requisite scienter for a securities fraud claim; 2) plaintiff lacks standing under 10b-5 since he neither purchased nor sold securities; and 3) plaintiff alleges no “actual damages,” to which 15 U.S.C. § 78bb(a) limits recovery. I will deny defendants’ motion for…
2Cases cited20 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Eisenberg v. GagnonCourt of Appeals for the Third Circuit · 1985
- Marine Bank v. WeaverSupreme Court of the United States · 1982
15 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Tracinda Corp. v. DAIMLERCHRYSLER AGDistrict Court, D. Delaware · 2002
- In Re Cendant Corp. Securities LitigationDistrict Court, D. New Jersey · 1999
- Lane v. PageDistrict Court, D. New Mexico · 2010
- Enron Corp. Securities, Derivative & "Erisa" Litigation v. UBS PaineWebber, Inc.District Court, S.D. Texas · 2017
- Panos v. Island Gem Enterprises, Ltd., NVDistrict Court, S.D. New York · 1995
9 more not listed; retrieve them via the Exa API.