Legal Opinion
Steckman v. Hart Brewing, Inc.
Court of Appeals for the Ninth Circuit
Decided May 14, 1998No. 97-55199PublishedCited by 524 opinions
1Opinion of the Court
FARRIS, Circuit Judge:
BACKGROUND
Pyramid Breweries Inc., formerly Hart Brewing Inc., a maker of craft beers, conducted an initial, public offering on December' 13, 1995, less than three weeks before the end of the fourth quarter. Shares were priced at $19, netting the company $34.2 million.
According to Pyramid’s uncontested prospectus, gross sales grew at a compound annual rate of around 88% from 1990 to the *1295end of the third quarter 1995. Operating income grew at a compound annual rate of 200% from 1990 through 1994. The prospectus also disclosed that income was merely 83% higher for the first…
2Cases cited9 opinions
- Jeffrey A. Saul v. United States of America Ray Larsen Colleen St. Louis John Doe St. LouisCourt of Appeals for the Ninth Circuit · 1991
- Fed. Sec. L. Rep. P 99,272, 96 Cal. Daily Op. Serv. 5268, 96 Daily Journal D.A.R. 8535 in Re Stac Electronics Securities Litigation. Timothy J. Anderson Neil Singer Arthur Singer, on Behalf of Themselves and All Others Similarly Situated v. Gary W. Clow Douglas Whiting Robert Johnson Alex Brown & Sons Incorporated Lawrence FinchCourt of Appeals for the Ninth Circuit · 1996
- Craftmatic Securities Litigation v. KraftsowCourt of Appeals for the Third Circuit · 1989
- In Re Verifone Securities Litigation. Martin Halkin Michael Minichino Lois Steen Richard Marchesi David J. Steinberg Chaille Steinberg v. Verifone Inc. Robertson Stephens, Robertson Stephens and Company, Martin Halkin Michael Minichino Lois Steen Richard Marchesi David J. Steinberg Chaille Steinberg v. Verifone Inc. William F. Gorog John R.C. Porter Keith B. Greeslin H.H. Haight, IV William N. Melton Frank J. Caufield Hatim A. Tyabji Morgan Stanley & Co. Robertson Stephens Dean Witter Reynolds Incorporated Burton McMurtryCourt of Appeals for the Ninth Circuit · 1993
- Johnson v. KnowlesCourt of Appeals for the Ninth Circuit · 1997
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3Cited by524 opinions
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- Leadsinger, Inc. v. BMG Music PublishingCourt of Appeals for the Ninth Circuit · 2008
- Kenneth E. Sutton, Jr. v. Providence St. Joseph Medical Center, a California Non-Profit CorporationCourt of Appeals for the Ninth Circuit · 1999
- Tworivers v. LewisCourt of Appeals for the Ninth Circuit · 1999
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