Legal Opinion
In Re Section 16 (B) Litigation
District Court, W.D. Washington
Decided March 12, 2009No. Master Case C07-1549JLRPublishedCited by 5 opinions
1Opinion of the Court
ORDER DISMISSING CASES
JAMES L. ROBART, District Judge.
I. INTRODUCTION
Before the court are 54 derivative shareholder actions brought by one shareholder, Plaintiff Vanessa Simmonds. The cases are based on the theory that Defendants engaged in insider trading during the late-1990s and early 2000 during which there was an increase in private companies going public. Ms. Sim-monds sued the underwriters that were responsible for underwriting the Initial Public Offerings (“IPOs”) for many of these companies (hereinafter the “Underwriter Defendants”), whose duties included setting an IPO price for the…
2Cases cited29 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Conley v. GibsonSupreme Court of the United States · 1957
- Steel Co. v. Citizens for a Better EnvironmentSupreme Court of the United States · 1998
- Jena Balistreri v. Pacifica Police Department Al Olsen, Police Chief, Individually and as a Police AgentCourt of Appeals for the Ninth Circuit · 1990
- United States v. Donald Lawrence Ritchie, Heather Horner, Claimant-AppellantCourt of Appeals for the Ninth Circuit · 2003
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3Cited by5 opinions
- Credit Suisse Securities (Usa) LLC v. SimmondsSupreme Court of the United States · 2012
- Simmonds v. Credit Suisse Securities LLCCourt of Appeals for the Ninth Circuit · 2010
- Hill v. Vanderbilt Capital Advisors, LLCDistrict Court, D. New Mexico · 2011
- Vanessa Simmonds v. Credit Suisse SecuritiesCourt of Appeals for the Ninth Circuit · 2011
- Vanessa Simmonds v. Credit Suisse SecuritiesCourt of Appeals for the Ninth Circuit · 2010