Legal Opinion
In Re First Union Corp. Securities Litigation
District Court, W.D. North Carolina
Decided January 10, 2001No. 3:99CV237-MCKPublishedCited by 52 opinions
1Opinion of the Court
ORDER. McKNIGHT, United States Magistrate Judge.
This matter is before the Court with the consent of the parties for ruling on Defendants’ Motion to Dismiss. [Doc. 41.] Oral argument was held on the motion and the matter is now ripe for resolution.
OVERVIEW
Twelve class action suits were filed against Defendant First Union and its directors. These suits were consolidated in this Court with Allen v. Crutchfield as the lead case. The complaint and amended complaint allege securities fraud under Section 10(b) of the Exchange Act consisting of: (1) misrepresentation by officers in statements and…
2Cases cited42 opinions
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Conley v. GibsonSupreme Court of the United States · 1957
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
- Edwin P. Harrison, and United States of America, Party in Interest v. Westinghouse Savannah River CompanyCourt of Appeals for the Fourth Circuit · 1999
37 more not listed; retrieve them via the Exa API.
3Cited by52 opinions
- City Of Monroe Employees Retirement System v. Bridgestone CorporationCourt of Appeals for the Sixth Circuit · 2005
- In Re Enron Corp. Sec., Derivative & ERISA Lit.District Court, S.D. Texas · 2003
- Greenhouse v. MCG Capital Corp.Court of Appeals for the Fourth Circuit · 2004
- In re PEC Solutions, Incorporated Securities LitigationCourt of Appeals for the Fourth Circuit · 2005
- In Re Keyspan Corp. Securities LitigationDistrict Court, E.D. New York · 2003
47 more not listed; retrieve them via the Exa API.