Legal Opinion
Shulof v. Westinghouse Electric Corporation
District Court, S.D. New York
Decided November 13, 1975No. 75 Civ. 4371PublishedCited by 19 opinions
1Opinion of the Court
LASKER, District Judge.
George Shulof brought this class action claiming that Westinghouse Electric Corporation perpetrated a fraud on the market, in violation of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j (b) and in breach of common law fiduciary duty owed by Westinghouse to its stockholders. In particular, Shulof alleges that from August 5, 1974 through December 27, 1974 Westinghouse represented to its stockholders and the investing public that it intended to retain its Major Appliance Division (MAD) — a division which was suffering serious losses at the time — when in…
2Cases cited3 opinions
- Koster v. (American) Lumbermens Mutual Casualty Co.Supreme Court of the United States · 1947
- Schneider v. SearsDistrict Court, S.D. New York · 1967
- Silverman v. Wellington Management CompanyDistrict Court, S.D. New York · 1969
3Cited by19 opinions
- Reyno v. Piper Aircraft Co.Court of Appeals for the Third Circuit · 1980
- Berman v. Informix Corp.District Court, S.D. New York · 1998
- In Re WarrickCourt of Appeals for the Second Circuit · 1995
- In Re Collins & Aikman Corp. Securities LitigationDistrict Court, S.D. New York · 2006
- In Re Nematron Corp. Securities LitigationDistrict Court, S.D. New York · 1998
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