Legal Opinion
Posner v. Coopers & Lybrand
District Court, S.D. New York
Decided December 23, 1981No. 80 Civ. 6033 (GLG)PublishedCited by 51 opinions
1Opinion of the Court
OPINION
GOETTEL, District Judge:
This putative class action charging securities fraud arises from the unsuccessful attempt by Combustion Equipment Associates, Inc. (“CEA”) to develop a process for *767converting garbage into a high heat-value fuel called ECO-FUEL II. The plaintiff alleges that at some point between 1972 and 1975 the defendants became aware that the process for producing ECO-FUEL II was not economically viable and that they falsely inflated (or supported) the market price of CEA stock by failing to disclose this information. By order dated April 30,1981, this Court dismissed the…
2Cases cited10 opinions
- Fed. Sec. L. Rep. P 93,590 David Segal v. Lawrence Gordon, and Coburn Corporation of AmericaCourt of Appeals for the Second Circuit · 1972
- Ross v. A. H. Robins Co.Court of Appeals for the Second Circuit · 1979
- Spradlin v. United StatesSupreme Court of the United States · 1980
- Denny v. BarberCourt of Appeals for the Second Circuit · 1978
- Robert R. Felton and Edward J. Egan v. Walston and Co., Inc.Court of Appeals for the Second Circuit · 1974
5 more not listed; retrieve them via the Exa API.
3Cited by51 opinions
- Rothman v. GregorCourt of Appeals for the Second Circuit · 2000
- In Re Catanella and EF Hutton and Co.District Court, E.D. Pennsylvania · 1984
- Granite Partners, LP v. Bear, Stearns & Co. Inc.District Court, S.D. New York · 1998
- In Re Integrated Resources Real Estate Ltd. Partnerships Securities LitigationDistrict Court, S.D. New York · 1993
- In Re Atlas Air Worldwide Holdings, Inc. Securities LitigationDistrict Court, S.D. New York · 2004
46 more not listed; retrieve them via the Exa API.