Dura-Bilt Corp. v. Chase Manhattan Corp.
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
EDELSTEIN, District Judge:
Factual Background
This action is one of many spawned by the bankruptcy of the Penn Central Railroad. Plaintiffs in this action have moved this court for class certification of the above captioned actions pursuant to Rule 23, Federal Rules of Civil Procedure, and for consolidation of these actions for all purposes pursuant to Rule 42(a), Fed.R.Civ.P.
Plaintiffs here allege that defendants have violated § 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, by selling Penn Central Company common stock while in the…
2Cases cited92 opinions
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Chiarella v. United StatesSupreme Court of the United States · 1980
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