Legal Opinion

Lorenz v. CSX Corp.

Court of Appeals for the Third Circuit

Decided August 6, 1993No. Nos. 92-3667, 92-3694PublishedCited by 392 opinions

1Opinion of the Court

OPINION OF THE COURT

COWEN, Circuit Judge.

Prior to December 13, 1977, the plaintiffs in these two related actions purchased convertible debentures issued by the defendant Baltimore and Ohio Railroad Company (“B & O”). At that time, 99.63% of the B & O’s shares were owned by defendant Chesapeake and Ohio Railroad Company, which in turn was a wholly-owned subsidiary of Chessie Systems, Inc., the corporate predecessor to *1409defendant CSX Corporation (“CSX”). The indenture trustee was defendant Chase Manhattan Bank. Plaintiffs allege that the defendants defrauded them from 1977 to 1986 by failing to…

2Cases cited39 opinions

  1. Foman v. DavisSupreme Court of the United States · 1962
  2. H. J. Inc. v. Northwestern Bell Telephone Co.Supreme Court of the United States · 1989
  3. Lampf, Pleva, Lipkind, Prupis & Petigrow v. GilbertsonSupreme Court of the United States · 1991
  4. Chiarella v. United StatesSupreme Court of the United States · 1980
  5. Sabetay v. Sterling Drug, Inc.New York Court of Appeals · 1987

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3Cited by392 opinions

  1. In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
  2. Stanford Shane Otis Terrell Robert Stewart v. William Fauver, Commissioner James Barbo, Administrator Rogers, Chief Director of CustodyCourt of Appeals for the Third Circuit · 2000
  3. Edward Arthur v. Maersk, Inc. D/B/A Maersk Line Ltd. Dyn Corp. Technical Services D/B/A Dyn Marine Services the United States of AmericaCourt of Appeals for the Third Circuit · 2006
  4. Elizabeth J. Arnold Lake Justin Wilson Lake, Husband and Wife v. Frederick S. Arnold Audrey L. Arnold, Husband and Wife Daniel M. Friday M.D. Tyrone Hospital Ralph W. Crawford M.DCourt of Appeals for the Third Circuit · 2000
  5. Maio v. Aetna, Inc.Court of Appeals for the Third Circuit · 2000

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