Legal Opinion
Parnes v. Gateway 2000, Inc.
Court of Appeals for the Eighth Circuit
Decided August 8, 1997No. 96-1559PublishedCited by 319 opinions
1Opinion of the Court
MAGILL, Circuit Judge.
The Plaintiffs are individual investors 3 who purchased Gateway 2000, Inc. (Gateway) stock soon after the stock was publicly offered. The stock subsequently decreased in value after Gateway revealed disappointing earnings, and the Plaintiffs brought this securities fraud suit against Gateway and Gateway’s corporate officers, directors, and principal shareholders (Defendants). 4 The Plaintiffs allege that the Defendants violated securities laws by misrepresenting facts in Gateway’s prospectus, registration statement, and other company communications and by committing…
2Cases cited25 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- 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
- Virginia Bankshares, Inc. v. SandbergSupreme Court of the United States · 1991
- Clarence E. Bennett v. Kenneth Berg, Dan R. Sandford, Jr. v. Kenneth BergCourt of Appeals for the Eighth Circuit · 1982
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3Cited by319 opinions
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- ECA, Local 134 IBEW Joint Pension Trust of Chicago v. JP Morgan Chase Co.Court of Appeals for the Second Circuit · 2009
- United States v. Community Health Systems, Inc.Court of Appeals for the Sixth Circuit · 2007
- United States Ex Rel. Keshav S. Joshi v. St. Luke's Hospital, Inc. Mohammed Bashiti, United States of America, Movant BelowCourt of Appeals for the Eighth Circuit · 2006
- In Re: K-Tel International, Inc. Securities Litigation Pasquale Migliaccio Creative Care Corporation Glen Reudolph Morton Kahn David Rea Henry Werres Claude Seymour Igal Mammon Neil Litton, Dr. Jerry Booth Joseph Erlich Gary Ewin Tim Murchison Stanford D. Williams Rev. R.G. Moore Murray N. Johnson Elizabeth Alpert Arthur Alves Societe Financiere Privee and Ravi Anand, on Behalf of Themselves and All Others Similarly Situated v. K-Tel International, Inc. Philip Kives Lawrence Kives, Securities and Exchange Commission, Amicus on Behalf OfCourt of Appeals for the Eighth Circuit · 2002
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