In re Ashanti Goldfields Securities Litigation
District Court, E.D. New York
1Opinion of the Court
ORDER
LEVY, United States Magistrate Judge.
Plaintiff shareholders in this case allege that defendant Ashanti Goldfields Company Limited (“Ashanti”), a corporation organized under the laws of the Republic of Ghana, and certain of its officers (collectively, “defendants”) violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by misrepresenting the nature of hedging transactions in which Ashanti engaged. One of plaintiffs’ principal claims is that defendants failed to make proper disclosure concerning Ashanti’s “hedge” book, which is…
2Cases cited14 opinions
- Oppenheimer Fund, Inc. v. SandersSupreme Court of the United States · 1978
- University of Pennsylvania v. Equal Employment Opportunity CommissionSupreme Court of the United States · 1990
- Bredice v. Doctors Hospital, Inc.District Court, District of Columbia · 1970
- Dr. S. Simpson Gray v. Board of Higher Education, City of New YorkCourt of Appeals for the Second Circuit · 1982
- Hardy v. New York News Inc.District Court, S.D. New York · 1987
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