Legal Opinion
Garber v. Legg Mason, Inc.
District Court, S.D. New York
Decided March 17, 2008No. 06 Civ. 9436 (DC)PublishedCited by 28 opinions
1Opinion of the Court
OPINION
CHIN, District Judge.
In this securities class action, plaintiffs allege that defendants engaged in an illegal scheme to defraud purchasers of defendant Legg Mason, Inc. (“Legg Mason”) stock by failing to disclose certain information relating to Legg Mason’s “swap” of certain assets with' defendant Citigroup Global Markets Inc. (“Citigroup”). Plaintiffs further allege that this scheme resulted in an artificial inflation of the stock price and that when defendants’ conduct became apparent to the market, Legg Mason’s stock price fell.
All defendants now move to dismiss the consolidated…
2Cases cited44 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Erickson v. PardusSupreme Court of the United States · 2007
- Conley v. GibsonSupreme Court of the United States · 1957
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
39 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Litwin v. Blackstone Group, L.P.Court of Appeals for the Second Circuit · 2011
- In Re Bank of America Corp. Securities, Derivative, & Employee Retirement Income Security Act (ERISA) LitigationDistrict Court, S.D. New York · 2010
- In Re Bear Stearns Companies, Inc. Securities, Derivative, & Erisa LitigationDistrict Court, S.D. New York · 2011
- In Re Ambac Financial Group, Inc. Securities LitigationDistrict Court, S.D. New York · 2010
- Genesee County Employees' Retirement System v. Thornburg Mortgage Securities TrustDistrict Court, D. New Mexico · 2011
23 more not listed; retrieve them via the Exa API.