Legal Opinion

Klein ex rel. Qlik Techs., Inc. v. Qlik Techs., Inc.

Court of Appeals for the Second Circuit

Decided October 2, 2018No. Docket No. 17-3218-cv; August Term, 2017PublishedCited by 69 opinions

1Opinion of the Court

JUDGE RAYMOND J. LOHIER, JR. dissents in a separate opinion.

POOLER, Circuit Judge:

Appellant Terry Klein brought this suit derivatively as a shareholder of Qlik Companies. She alleges that Appellees, referred to collectively as the "Cadian Group," owned more than ten percent of Qlik and engaged in "short-swing" transactions in that stock in 2014, in violation of Section 16(b) of the Securities Exchange Act. While the action was stayed for reasons irrelevant to this appeal, Qlik was bought out in an all-cash merger, causing Klein to lose any financial interest in the litigation. After the stay…

2Cases cited36 opinions

  1. Lujan v. Defenders of WildlifeSupreme Court of the United States · 1992
  2. Steel Co. v. Citizens for a Better EnvironmentSupreme Court of the United States · 1998
  3. Spokeo, Inc. v. RobinsSupreme Court of the United States · 2016
  4. Friends of the Earth, Inc. v. Laidlaw Environmental Services (TOC), Inc.Supreme Court of the United States · 2000
  5. Lexmark Int'l, Inc. v. Static Control Components, Inc.Supreme Court of the United States · 2014

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3Cited by69 opinions

  1. Bellin v. ZuckerCourt of Appeals for the Second Circuit · 2021
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  3. Dhinsa v. KruegerCourt of Appeals for the Second Circuit · 2019
  4. Federal Defenders of New York, Inc. v. Federal Bureau of PrisonsCourt of Appeals for the Second Circuit · 2020
  5. Lehman XS Trust v. Greenpoint Mortgage Funding, Inc.Court of Appeals for the Second Circuit · 2019

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