Legal Opinion
Austin Williams v. Globus Medical Inc
Court of Appeals for the Third Circuit
Decided August 23, 2017No. 16-3607PublishedCited by 64 opinions
1Opinion of the Court
OPINION OF THE COURT
SCIRICA, Circuit Judge
In the spring of 2014, Globus Medical, Inc., a medical device company, terminated its relationship with one of its product distributors. Several months later, in August 2014, Globus executives alerted shareholders that sales growth had slowed, attributed this decline in part to the decision to terminate its contract with the distributor, and revised Globus’s revenue guidance downward for fiscal year 2014. The price of Globus shares fell by approximately 18% the following day.
Globus shareholders contend the company and its executives violated the…
2Cases cited13 opinions
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Matrixx Initiatives, Inc. v. SiracusanoSupreme Court of the United States · 2011
- Institutional Investors Group v. Avaya, Inc.Court of Appeals for the Third Circuit · 2009
8 more not listed; retrieve them via the Exa API.
3Cited by64 opinions
- City of Warren Police and Fire v. Prudential Financial IncCourt of Appeals for the Third Circuit · 2023
- In re Egalet Corp.District Court, E.D. Pennsylvania · 2018
- SEB Inv. Mgmt. AB v. Endo Int'l, PLCDistrict Court, E.D. Pennsylvania · 2018
- Weiner ex rel. Situated v. Tivity Health, Inc.District Court, M.D. Tennessee · 2019
- Karth v. Keryx Biopharmaceuticals, Inc.Court of Appeals for the First Circuit · 2021
59 more not listed; retrieve them via the Exa API.