Panzirer v. Wolf
Court of Appeals for the Second Circuit
1Opinion of the Court
LUMBARD, Circuit Judge:
Allied Artists Industries, Inc., issued an allegedly false annual report in August 1978. Zelda Panzirer purchased Allied stock thereafter upon reading an article in The Wall Street Journal. She never saw the annual report. When Allied started bankruptcy proceedings in 1979, she sued Allied officers and Price Waterhouse & Co., Allied’s accountants, under § 10(b) and Rule 10b-5 of the Exchange Act, 15 U.S.C. § 78j(b), 17 C.F.R. § 240.10b-5. She also sought to represent the class of investors purchasing Allied stock after release of the annual report. The district court,…
2Cases cited6 opinions
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Blackie v. BarrackCourt of Appeals for the Ninth Circuit · 1975
- Ross v. A. H. Robins Co.Court of Appeals for the Second Circuit · 1979
- Kline v. WolfDistrict Court, S.D. New York · 1981
- Fed. Sec. L. Rep. P 95,090 Competitive Associates, Inc. v. Laventhol, Krekstein, Horwath & HorwathCourt of Appeals for the Second Circuit · 1975
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