Legal Opinion
In Re GeoPharma, Inc. Securities Litigation
District Court, S.D. New York
Decided January 27, 2006No. 04 Civ. 9463(SAS)PublishedCited by 28 opinions
1Opinion of the Court
OPINION AND ORDER
SCHEINDLIN, District Judge.
I. INTRODUCTION
This case presents a difficult but interesting question. When a defendant makes a false statement in connection with the purchase or sale of securities, that státement is only actionable if the defendant acted with a culpable state of mind. The easiest case is when a plaintiff alleges that a defendant intentionally made a demonstrably false statement. When this allegation is made, a court need not consider whether a defendant acted recklessly or was merely negligent.
Moving up the scale, a plaintiff can also maintain a securities fraud…
2Cases cited38 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- 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
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
33 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- In Re Take-Two Interactive Securities LitigationDistrict Court, S.D. New York · 2008
- In Re PXRE Group, Ltd., Securities LitigationDistrict Court, S.D. New York · 2009
- In Re eSpeed, Inc. Securities LitigationDistrict Court, S.D. New York · 2006
- In re Lions Gate Entertainment Corp. Securities LitigationDistrict Court, S.D. New York · 2016
- In re Bank of America AIG Disclosure Securities LitigationDistrict Court, S.D. New York · 2013
23 more not listed; retrieve them via the Exa API.