Legal Opinion
Danis v. USN Communications, Inc.
District Court, N.D. Illinois
Decided October 8, 1999No. 98 C 7482PublishedCited by 27 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
CONLON, District Judge.
Plaintiffs in this putative class action sue various defendants for violation of the securities laws in connection with the purchase of stock of USN Communications, Inc. (“USN”) in 1998. Defendants seek to dismiss the consolidated class action complaint (“complaint”) pursuant to Fed. R.Civ.P. 9(b) and 12(b)(6), and § 21D(b) of the Private Securities Litigation Reform Act (“PSLRA”), 15 U.S.C. § 78u-4(b).
BACKGROUND
For purposes of a motion to dismiss, this court accepts all well-pleaded allegations in the complaint as true and draws all…
2Cases cited40 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- 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
- Gustafson v. Alloyd Co.Supreme Court of the United States · 1995
- Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
35 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Pr Diamonds, Inc. v. John P. ChandlerCourt of Appeals for the Sixth Circuit · 2004
- In Re Initial Public Offering Securities LitigationDistrict Court, S.D. New York · 2003
- Makor Issues & Rights, Ltd. v. Tellabs, Inc.Court of Appeals for the Seventh Circuit · 2006
- In Re Amgen Inc. Securities LitigationDistrict Court, C.D. California · 2008
- Chu v. Sabratek Corp.District Court, N.D. Illinois · 2000
22 more not listed; retrieve them via the Exa API.