Legal Opinion
Brian Asher v. Baxter International Incorporated
Court of Appeals for the Seventh Circuit
Decided September 3, 2004No. 03-3189PublishedCited by 76 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Baxter International, a manufacturer of medical products, released its second-quarter financial results for 2002 on July 18 of that year. Sales and profits did not match analysts’ expectations. Shares swiftly fell from $43 to. $32. This litigation followed; plaintiffs contend that the $43 price was the result of materially misleading projections on November 5, 2001, projections that Baxter reiterated until the bad news came out on July 18, 2002. Plaintiffs want to represent a class of all investors who. purchased during that time either in the open market or by…
2Cases cited12 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
- In Re Apple Computer Securities LitigationCourt of Appeals for the Ninth Circuit · 1989
- Denny v. BarberCourt of Appeals for the Second Circuit · 1978
- Grossman v. Novell, Inc.Court of Appeals for the Tenth Circuit · 1997
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3Cited by76 opinions
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