Legal Opinion

Kowal v. International Business Machines Corp.

Court of Appeals for the Second Circuit

Decided November 17, 1998No. 97-7266PublishedCited by 1 opinion

1Opinion of the Court

BACKGROUND

JOHN M. WALKER, Circuit Judge:

Plaintiffs, a class of purchasers of International Business Machines Corporation (“IBM”) securities between September 30, 1992 and December 14, 1992 (the “class period”), appeal from an order of the United States District Court for the Southern District of New York (Jed S. Rakoff, District Judge), granting defendants’ motion for summary judgment and dismissing plaintiffs’ claims under Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. § 78j(b), Rule 10b-5, 17 C.F.R. § 240.10b-5, and Section 12(2) of the Securities Act of…

2Cases cited21 opinions

  1. In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
  2. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  3. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
  4. Seattle Times Co. v. RhinehartSupreme Court of the United States · 1984
  5. Gustafson v. Alloyd Co.Supreme Court of the United States · 1995

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3Cited by1 opinion

  1. Fed. Sec. L. Rep. P 90,328 in Re International Business MacHines Corporate Securities Litigation Charles Kowal, Peter R. Herold, Albert Ominsky, Douglas Ominsky, Andrew Ominsky, Steven Horowitz, Dina Horowitz, Joan Howard, Mark Gardy, M.E. Lifshitz, Wai Chinn, Alexander Sands, Donald Lewis, Bruce Murphy, Barnett Stepak, and William Steiner v. International Business MacHines Corporation and Frank A. Metz, Jr.Court of Appeals for the Second Circuit · 1998

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