Legal Opinion
Sharp v. Coopers & Lybrand
District Court, E.D. Pennsylvania
Decided September 27, 1978No. 75-1313PublishedCited by 25 opinions
1Opinion of the Court
OPINION
JOSEPH S. LORD, III, Chief Judge.
Plaintiffs, investors in an oil drilling venture, alleged in this class action that the defendant, a major accounting firm, is liable to them for misstatements in several opinion letters which advised them as to the supposed tax consequences of those investments. Four theories of liability have been advanced by the plaintiffs: (1) liability for violation of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and of Rule 10b-5 promulgated thereunder, 17 C.F.R. § 240.10b-5, by employees of the defendant (Count One); (2) liability as a…
2Cases cited50 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- Tcherepnin v. KnightSupreme Court of the United States · 1967
45 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- SHARP, Stanley L. v. COOPERS & LYBRAND, AppellantCourt of Appeals for the Third Circuit · 1981
- Savino v. EF Hutton & Co., Inc.District Court, S.D. New York · 1981
- Fund of Funds, Ltd. v. Arthur Andersen & Co.District Court, S.D. New York · 1982
- Rose v. Arkansas Valley Environmental & Utility AuthorityDistrict Court, W.D. Missouri · 1983
- Haynes v. Anderson & Strudwick, Inc.District Court, E.D. Virginia · 1981
20 more not listed; retrieve them via the Exa API.