Legal Opinion

In Re Telxon Corp. Securities Litigation

District Court, N.D. Ohio

Decided September 29, 2000No. 5:98-cv-02876PublishedCited by 25 opinions

1Opinion of the Court

MEMORANDUM & ORDER

O’MALLEY, District Judge.

After being appointed Lead Plaintiffs, William Hayman and Arthur Hayman filed their Complaint against Telxon Corporation on September 30, 1999 for alleged violations of § 10(b) and § 20(a) of the Securities and Exchange Act of 1934. Telxon responded with a Motion to Dismiss (docket no. 15), contending that plaintiffs have failed to state with sufficient particularity a claim for securities fraud under Rule 9(b) of the Federal Rules of Civil Procedure and the heightened pleading requirements of the Private Securities Litigation Reform Act [“PSLRA”],…

2Cases cited30 opinions

  1. Papasan v. AllainSupreme Court of the United States · 1986
  2. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  3. Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
  4. Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
  5. Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979

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3Cited by25 opinions

  1. Pr Diamonds, Inc. v. John P. ChandlerCourt of Appeals for the Sixth Circuit · 2004
  2. Wyser-Pratte Management Co., Inc. v. Telxon Corporation, Pricewaterhousecoopers, LLPCourt of Appeals for the Sixth Circuit · 2005
  3. In Re Royal Ahold N v. Securities & Erisa LitigationDistrict Court, D. Maryland · 2004
  4. Fidel v. FarleyCourt of Appeals for the Sixth Circuit · 2004
  5. Konkol v. Diebold, Inc.Court of Appeals for the Sixth Circuit · 2009

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