Ewart v. Y & A Group, Inc.
Court of Appeals for the Eighth Circuit
1Opinion of the Court
WOLLMAN, Circuit Judge.
Neil A. Valk appeals the district court’s1 order preliminarily enjoining Valk’s arbitration action against Dean Witter Reynolds, Inc., et al. (Dean Witter). The court held that an earlier federal consent judgment is likely to have precluded Valk’s arbitration claim against Dean Witter. We affirm,
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Valk, an investor in Y & A Group, Inc. stock, became plaintiff in a 1991 shareholder class action against Y & A which alleged that false financial and other public statements by Y & A inflated the value of the stock. As usual in such situations, the Ponzi scheme had come to…
2Cases cited12 opinions
- Alexander v. Gardner-Denver Co.Supreme Court of the United States · 1974
- Dataphase Systems, Inc. v. C L Systems, Inc.Court of Appeals for the Eighth Circuit · 1981
- Barrentine v. Arkansas-Best Freight System, Inc.Supreme Court of the United States · 1981
- McDonald v. City of West BranchSupreme Court of the United States · 1984
- Class v. City of SeattleCourt of Appeals for the Ninth Circuit · 1992
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3Cited by3 opinions
- In Re Y & A Group Securities LitigationCourt of Appeals for the Eighth Circuit · 1994
- Phillips Beverage Company, Through Its Operating Division, Millenium Import Co. v. Belvedere, S.A., Formerly Known as France Euro Agro, S.A.Court of Appeals for the Eighth Circuit · 2000
- Phillips Beverage v. BelvedereCourt of Appeals for the Eighth Circuit · 2000