Legal Opinion
Hershfang v. Citicorp
District Court, S.D. New York
Decided June 24, 1991No. 90 Civ. 8178 (MBM)PublishedCited by 40 opinions
1Opinion of the Court
OPINION AND ORDER
MUKASEY, District Judge.
Plaintiff Hershfang, on behalf of a purported class of similarly situated shareholders, claims that newspaper reports and dividend announcements were part of a scheme devised by defendants Citicorp, John S. Reed, Citicorp’s Chairman, and Thomas Jones, Citicorp’s Executive Vice President, to inflate the price of Citicorp stock, in violation of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) (1988), and Rule 10b-5, 17 C.F.R. § 240.-10b-5 (1990). Defendants move to dismiss the complaint under Fed.R.Civ.P. 9(b) and 12(b)(6), for failure…
2Cases cited18 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
- Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985
- Luce v. EdelsteinCourt of Appeals for the Second Circuit · 1986
13 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Tuchman v. DSC Communications Corp.Court of Appeals for the Fifth Circuit · 1994
- San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.Court of Appeals for the Second Circuit · 1996
- Fed. Sec. L. Rep. P 97,451 Jerry Krim, on Behalf of Himself and All Others Similarly Situated v. Banctexas Group, Inc., Banctexas Group, Inc.Court of Appeals for the Fifth Circuit · 1993
- Williams v. WMX Technologies, Inc.Court of Appeals for the Fifth Circuit · 1997
- Barnum v. Millbrook Care Ltd. PartnershipDistrict Court, S.D. New York · 1994
35 more not listed; retrieve them via the Exa API.