Legal Opinion
In re LTV Securities Litigation
District Court, N.D. Texas
Decided July 31, 1980No. MDL-371PublishedCited by 113 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
PATRICK E. HIGGINBOTHAM, District Judge.
On Class Certification
On July 17, 1978, LTV announced that trading in its securities would be suspended for 10 days due to possible adjustments that might later be made to the value of its steel subsidiary’s inventories as then reflected on its books. On October 13, 1978, LTV announced a restatement of its earnings for the years 1974 through 1977. This restatement of earnings is said to have been made necessary by questionable procedures for accounting for J&L inventory. With nine types of publicly-traded securities, the re*136sta…
2Cases cited21 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Aaron v. Securities & Exchange CommissionSupreme Court of the United States · 1980
- Ross v. A. H. Robins Co.Court of Appeals for the Second Circuit · 1979
- Elmo E. Koos, Sr. And Caroline M. Koos v. First National Bank of PeoriaCourt of Appeals for the First Circuit · 1974
16 more not listed; retrieve them via the Exa API.
3Cited by113 opinions
- Shaw v. Digital Equipment Corp.Court of Appeals for the First Circuit · 1996
- In Re Apple Computer Securities LitigationCourt of Appeals for the Ninth Circuit · 1989
- Sirota v. Solitron Devices, Inc.Court of Appeals for the Second Circuit · 1982
- Gariety v. Grant Thornton, LLPCourt of Appeals for the Fourth Circuit · 2004
- Cammer v. BloomDistrict Court, D. New Jersey · 1989
108 more not listed; retrieve them via the Exa API.