Legal Opinion
In Re Northern Telecom Ltd. Securities Litigation
District Court, S.D. New York
Decided September 28, 2000No. 93 Civ. 4384, 93 Civ. 4397, 93 Civ. 4432PublishedCited by 49 opinions
1Opinion of the Court
OPINION
CEDARBAUM, District Judge.
Plaintiffs in these consolidated class action suits assert claims against defendants under §§ 10(b) & 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b) & 78t(a), and under Rule 10b-5. The essence of plaintiffs’ complaint is that defendants, who were officers of Northern Telecom Ltd. (“Nortel”) during the class period, made misleading statements over a period of time concerning the company’s business and financial health that artificially inflated the price of Nortel’s stock. Extensive discovery has been completed, and defendants move for…
2Cases cited52 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
47 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Pr Diamonds, Inc. v. John P. ChandlerCourt of Appeals for the Sixth Circuit · 2004
- In Re Bank of America Corp. Securities, Derivative, & Employee Retirement Income Security Act (ERISA) LitigationDistrict Court, S.D. New York · 2010
- Overstock.com, Inc. v. Gradient Analytics, Inc.California Court of Appeal · 2007
- In Re Bristol-Myers Squibb Securities LitigiationDistrict Court, S.D. New York · 2004
- Cromer Finance Ltd. v. BergerDistrict Court, S.D. New York · 2001
44 more not listed; retrieve them via the Exa API.