Legal Opinion
Schleicher v. Wendt
Court of Appeals for the Seventh Circuit
Decided August 20, 2010No. 09-2154PublishedCited by 117 opinions
1Opinion of the Court
EASTERBROOK, Chief Judge.
When a large, public company makes statements that are said to be false, securities-fraud litigation regularly proceeds as a class action. Class treatment is appropriate when issues common to class members predominate over those that affect them individually. Fed.R.Civ.P. 23(b)(3). Whether the statements are false is one common question. Whether the falsehoods are intentional (ie., whether each defendant acted with the required state of mind) is another. Whether the falsehoods affected the stock’s price is a third. (If investors already know the truth, false…
2Cases cited26 opinions
- 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
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
21 more not listed; retrieve them via the Exa API.
3Cited by117 opinions
- Amgen Inc. v. Connecticut Retirement Plans and Trust FundsSupreme Court of the United States · 2013
- ANCHORBANK, FSB v. HoferCourt of Appeals for the Seventh Circuit · 2011
- Messner v. Northshore University HealthSystemCourt of Appeals for the Seventh Circuit · 2012
- FindWhat Investor Group v. FindWhat. ComCourt of Appeals for the Eleventh Circuit · 2011
- Katyle v. Penn National Gaming, Inc.Court of Appeals for the Fourth Circuit · 2011
112 more not listed; retrieve them via the Exa API.