Legal Opinion

William ALPERN and Russell D. Miller, on Behalf of Themselves and All Others Similarly Situated, Appellants, v. UTILICORP UNITED, INC., Appellee

Court of Appeals for the Eighth Circuit

Decided May 17, 1996No. 95-1456, 95-2356PublishedCited by 228 opinions

1Opinion of the Court

DIANA E. MURPHY, Circuit Judge.

William D. Alpern and Russell D. Miller filed this securities fraud suit against Utili-Corp United Inc. (UtiliCorp) on behalf of themselves and similarly situated stock purchasers. Employees of a second-tier subsidiary of UtiliCorp reportedly misappropriated some twenty-one million dollars beginning in September 1990. The misappropriations were not publicly revealed by UtiliCorp until June 1992, along with a $11.6 million charge against its second-quarter earnings and an anticipated $5.2 million loss. Alpern and Miller claim that UtiliCorp knew or should have…

2Cases cited44 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. General Telephone Co. of Southwest v. FalconSupreme Court of the United States · 1982
  3. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  4. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  5. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976

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3Cited by228 opinions

  1. Dulany v. CarnahanCourt of Appeals for the Eighth Circuit · 1997
  2. In Re: K-Tel International, Inc. Securities Litigation Pasquale Migliaccio Creative Care Corporation Glen Reudolph Morton Kahn David Rea Henry Werres Claude Seymour Igal Mammon Neil Litton, Dr. Jerry Booth Joseph Erlich Gary Ewin Tim Murchison Stanford D. Williams Rev. R.G. Moore Murray N. Johnson Elizabeth Alpert Arthur Alves Societe Financiere Privee and Ravi Anand, on Behalf of Themselves and All Others Similarly Situated v. K-Tel International, Inc. Philip Kives Lawrence Kives, Securities and Exchange Commission, Amicus on Behalf OfCourt of Appeals for the Eighth Circuit · 2002
  3. Goldstein v. MCI WorldcomCourt of Appeals for the Fifth Circuit · 2003
  4. Brian Hartis v. Chicago Title Insurance Co.Court of Appeals for the Eighth Circuit · 2012
  5. James Hall v. Lhaco Inc.Court of Appeals for the Eighth Circuit · 1998

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