Legal Opinion
Steiner v. Shawmut National Corp.
District Court, D. Connecticut
Decided June 10, 1991No. Civ. H-90-253 (AHN)PublishedCited by 17 opinions
1Opinion of the Court
RULING ON MOTION TO DISMISS
NEVAS, District Judge.
In this four-count class and derivative action 1 brought against the defendants Shawmut National Corp. (“Shawmut”), Joel B. Alvord (“Alvord”), 2 John P. Hamill (“Hamill”), 3 and Gunnar S. Overstrom (“Overstrom”) 4 for violations of the federal securities and common law, the plaintiffs allege that, in reports disseminated to the public between December 8, 1988 and March 21, 1990 (“the Class Period”), the defendants understated Shawmut’s loan loss reserves, overstated its earnings, misrepresented the quality of its loan portfolio, and…
2Cases cited42 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Scheuer v. RhodesSupreme Court of the United States · 1974
- Carnegie-Mellon University v. CohillSupreme Court of the United States · 1988
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
37 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
- Hillson Partners Ltd. Partnership v. Adage, Inc.Court of Appeals for the Fourth Circuit · 1994
- Magee v. Nassau County Medical CenterDistrict Court, E.D. New York · 1998
- Ferber v. Travelers Corp.District Court, D. Connecticut · 1992
- Ferber v. Travelers Corp.District Court, D. Connecticut · 1992
12 more not listed; retrieve them via the Exa API.