Legal Opinion
Aron Rosenberg v. Xm Ventures, a Maryland Trust and Motient Corporation, a Delaware Corporation
Court of Appeals for the Third Circuit
Decided December 5, 2001No. 01-1484PublishedCited by 113 opinions
1Opinion of the Court
OPINION OF THE COURT
MANSMANN, Circuit Judge.
I
The appellant, Aron Rosenberg, is a shareholder of Motient corporation. He has appealed from a District Court judgment dismissing, with prejudice, his shareholder derivative action against XM Ventures for failing to state a claim upon which relief can be granted. The complaint asserted a violation of section 16(b) of the Securities and Exchange Act of 1934 resulting from XM Ventures’ sale of Mo-tient stock.
The issue on this appeal requires us to determine whether beneficial ownership of a subject issuer’s equity securities is a necessary element of…
2Cases cited27 opinions
- Robinson v. Shell Oil Co.Supreme Court of the United States · 1997
- United Food & Commercial Workers Union Local 751 v. Brown Group, Inc.Supreme Court of the United States · 1996
- Richard Morales v. Quintel Entertainment, Inc. And Peter StolzCourt of Appeals for the Second Circuit · 2001
- Maio v. Aetna, Inc.Court of Appeals for the Third Circuit · 2000
- Mansell v. MansellSupreme Court of the United States · 1989
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3Cited by113 opinions
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- Mark Hagans v. Commissioner Social SecurityCourt of Appeals for the Third Circuit · 2012
- Dorothy Allen v. LaSalle BankCourt of Appeals for the Third Circuit · 2011
- Hemispherx Biopharma, Inc. v. Johannesburg Consolidated InvestmentsCourt of Appeals for the Eleventh Circuit · 2008
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