Legal Opinion
In Re Prudential SEC. Inc. Ltd. Partner. Lit.
District Court, S.D. New York
Decided June 10, 1996No. MDL Dkt No. 1005. No. M-21-67 (MP)PublishedCited by 104 opinions
1Opinion of the Court
MILTON.POLLACK, Senior Judge.
The “Polaris defendants” moved pursuant to Fed.R.Civ.P. 12(b)(6), to dismiss the claims asserted against Polaris in the plaintiffs’ Consolidated Complaint. The Court has converted this motion into a motion for summary judgment on behalf of the moving parties pursuant to Fed.R.Civ.P. 56. The motion rests on two primary grounds: (1) the alleged disclosure in the Polaris prospectuses of the very risks which plaintiffs claim were omitted or misrepresented; and (2) the statute of limitations.
I. Background
This class suit is set in the context of an alleged scheme during…
2Cases cited38 opinions
- Landgraf v. USI Film ProductsSupreme Court of the United States · 1994
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- Reves v. Ernst & YoungSupreme Court of the United States · 1993
- Agency Holding Corp. v. Malley-Duff & Associates, Inc.Supreme Court of the United States · 1987
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3Cited by104 opinions
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
- Rombach v. ChangCourt of Appeals for the Second Circuit · 2004
- Rombach v. ChangCourt of Appeals for the Second Circuit · 2004
- Wilson v. Merrill Lynch & Co., Inc.Court of Appeals for the Second Circuit · 2011
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