Legal Opinion
Fed. Sec. L. Rep. P 98,745 Joseph D. Feldman, on Behalf of Himself and All Others Similarly Situated v. Simkins Industries, Inc.
Court of Appeals for the Ninth Circuit
Decided June 22, 1982No. 80-4372PublishedCited by 37 opinions
1Opinion of the Court
TANG, Circuit Judge.
This is an appeal from the dismissal by summary judgment and directed verdict against Plaintiffs’ claims that Defendant violated federal and state securities laws. We affirm.
FACTS
Between 1974 and 1977 Simkins Industries, Inc. (Simkins) acquired Fibreboard Corporation (Fibreboard) stock representing 14% of Fibreboard’s outstanding shares. It paid an average price of approximately $15.25 per share. By late 1977, however, Simkins had become dissatisfied with its investment in Fibreboard. Fibreboard appeared to Simkins to be poorly managed; its stock was trading at low market…
2Cases cited13 opinions
- Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
- First Nat. Bank of Ariz. v. Cities Service Co.Supreme Court of the United States · 1968
- Chiarella v. United StatesSupreme Court of the United States · 1980
- Samuel Bailey v. Joe T. PattersonSupreme Court of the United States · 1962
- Fed. Sec. L. Rep. P 97,588 Securities and Exchange Commission v. Stephen MurphyCourt of Appeals for the Ninth Circuit · 1980
8 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Loyd S. DACE, Appellant, v. ACF INDUSTRIES, INC., AppelleeCourt of Appeals for the Eighth Circuit · 1984
- UNITED STATES of America, Plaintiff-Appellee, v. James E. KESSI, Defendant-AppellantCourt of Appeals for the Ninth Circuit · 1989
- In Re Washington Public Power Supply System Securities Litigation. Henry Puchall v. Houghton, Cluck, Coughlin & RileyCourt of Appeals for the Ninth Circuit · 1987
- Kimmel v. PetersonDistrict Court, E.D. Pennsylvania · 1983
- Beck v. Cantor, Fitzgerald & Co., Inc.District Court, N.D. Illinois · 1985
32 more not listed; retrieve them via the Exa API.