Fry v. UAL Corp.

MEMORANDUM OPINION AND ORDER

NORDBERG, District Judge.

Plaintiffs brought this action on behalf of themselves and others who sold Allegis Corporation common stock or puts in Alleg-is Corporation common stock between October 29, 1987 and December 8, 1987 (the “class period”).1 Plaintiffs seek damages under § 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934, and under state law, for losses sustained from these sales, which were allegedly induced by certain false and misleading statements and omissions by UAL Corporation. Jurisdiction over the federal claims is asserted under § 27 of…