Legal Opinion
City of Cambridge Retirement v. Altisource Asset Management Co
Court of Appeals for the Third Circuit
Decided November 14, 2018No. 17-2471PublishedCited by 379 opinions
1Opinion of the Court
FISHER, Circuit Judge.
Commenting on the economic calamity that was the South Sea Bubble-in which he lost a considerable fortune-Sir Isaac Newton is said to have remarked, "I can calculate the motions of the heavenly bodies, but not the madness of the people." 1 Throughout its history, the trade of public securities has proven to be both a powerful engine of economic growth and an occasionally harsh reminder that what goes up must come down.
In this securities fraud class action, former shareholders allege that Altisource Asset Management Corporation and several of its officers (collectively…
2Cases cited14 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
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3Cited by379 opinions
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