Legal Opinion
In re Initial Public Offering Securities Litigation
District Court, S.D. New York
Decided October 30, 2003No. 21 MC 92(SAS)PublishedCited by 14 opinions
1Opinion of the Court
OPINION AND ORDER
SCHEINDLIN, District Judge.
Plaintiffs in these consolidated actions allege securities fraud in connection with 309 technology stocks that went public in the late 1990s. Defendants consist of the fifty-five investment banks that underwrote the offerings (“Underwriter Defendants”) and the 309 companies that went public, along with certain of their officers and directors.
The essence of plaintiffs’ claims is that the Underwriters created artificial aftermarket demand for these stocks “by conditioning share allocations in initial public offerings upon the requirement that…
2Cases cited17 opinions
- Hickman v. TaylorSupreme Court of the United States · 1947
- Upjohn Co. v. United StatesSupreme Court of the United States · 1981
- Gulf Oil Co. v. BernardSupreme Court of the United States · 1981
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
- John A. Pansy v. Borough of Stroudsburg Harold A. Bentzoni Kathryn Mikels John W. Osborne, II William Reber Mary Jean Knapik Maryann West Kowalshyn Richard F. Osswald Carl R. Rogers v. Ottaway Newspapers, Inc. T/a Pocono Record, Ronald F. Bouchard Pennsylvania Newspaper Publishers Association, Intervenors/appellantsCourt of Appeals for the Third Circuit · 1994
12 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Collens v. City of New YorkDistrict Court, S.D. New York · 2004
- Treppel v. Biovail Corp.District Court, S.D. New York · 2006
- State Farm Mutual Automobile Insurance v. CPT Medical Services, P.C.District Court, E.D. New York · 2005
- Mitchell v. FishbeinDistrict Court, S.D. New York · 2005
- Plumbers & Pipefitters Local Union No. 630 Pension-Annuity Trust Fund v. Arbitron, Inc.District Court, S.D. New York · 2011
9 more not listed; retrieve them via the Exa API.