Legal Opinion
Arnold B. ELKIND, Plaintiff-Appellee-Cross-Appellant, v. LIGGETT & MYERS, INC., Defendant-Appellant-Cross-Appellee
Court of Appeals for the Second Circuit
Decided December 4, 1980No. 811, 812, Dockets 79-7497, 79-7519PublishedCited by 176 opinions
1Opinion of the Court
MANSFIELD, Circuit Judge:
This case presents a number of issues arising out of what has become a form of corporate brinkmanship-non-public disclosure of business-related information to financial analysts. The action is a class suit by Arnold B. Elkind on behalf of certain purchasers (more fully described below) of the stock of Liggett & Myers, Inc. (Liggett) against it. They seek damages for alleged failure of its officers to disclose certain material information with respect to its earnings and operations and for their alleged wrongful tipping of inside information to certain persons who then…
2Cases cited50 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
45 more not listed; retrieve them via the Exa API.
3Cited by176 opinions
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
- Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985
171 more not listed; retrieve them via the Exa API.