Legal Opinion
Collins v. Morgan Stanley Dean Witter
Court of Appeals for the Fifth Circuit
Decided August 31, 2000No. 99-41037PublishedCited by 1,806 opinions
1Opinion of the Court
JERRY E. SMITH, Circuit Judge:
Relying partly on the advice of Morgan Stanley, later Morgan Stanley Dean Witter & Co. (“Morgan Stanley”), the board of directors and stockholders of Allwaste, Inc. (“Allwaste”), voted to merge with Philip Services Corporation (“Philip”). Each of the plaintiffs had earned stock options as part of his compensation while working at Allwaste.
After the merger, Philip announced that it had filed inaccurate financial statements for several years. Upon the announcement, the stock of the now-merged Philip dropped significantly, damaging the value of the employees’…
2Cases cited21 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Jerry L. Branch, Valenna Branch, Colby Branch v. Dale L. Tunnell, Individually and as Special Agent of Bureau of Land Management, State of MontanaCourt of Appeals for the Ninth Circuit · 1994
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- Kaiser Aluminum & Chemical Sales, Inc. v. Avondale Shipyards, Inc.Court of Appeals for the Fifth Circuit · 1982
- T.O. Stanley Boot Co. v. Bank of El PasoTexas Supreme Court · 1993
16 more not listed; retrieve them via the Exa API.
3Cited by1,806 opinions
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- In Re Katrina Canal Breaches LitigationCourt of Appeals for the Fifth Circuit · 2007
- Lone Star Fund v (U.S.), L.P. v. Barclays Bank PLCCourt of Appeals for the Fifth Circuit · 2010
- Great Plains Trust Co. v. Morgan Stanley Dean Witter & Co.Court of Appeals for the Fifth Circuit · 2002
- Causey v. Sewell Cadillac-Chevrolet, Inc.Court of Appeals for the Fifth Circuit · 2004
1,801 more not listed; retrieve them via the Exa API.