Fed. Sec. L. Rep. P 91,535 David A. Lipton and Sylvia S. Lipton v. Documation, Inc.
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
KRAVITCH, Circuit Judge:
The plaintiffs brought this proposed class action on behalf of themselves and other purchasers of Documation, Inc. securities, alleging violations of § 10(b) of the Securities Exchange Act of 1934 and Securities and Exchange Commission rule 10b-5. 1 As the basis of their complaint, the plaintiffs rely on what has commonly become known as the “fraud on the market” theory. Specifically, they allege that the defendants disseminated into the marketplace financial reports and statements that falsely claimed that Documation had substantial earnings and revenue, when, in…
2Cases cited15 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Blackie v. BarrackCourt of Appeals for the Ninth Circuit · 1975
- Fed. Sec. L. Rep. P 94,853 John Schlick v. Penn-Dixie Cement CorporationCourt of Appeals for the Second Circuit · 1974
- Fed. Sec. L. Rep. P 96,048 Milton E. Dupuy v. Clarence O. Dupuy, Jr.Court of Appeals for the Fifth Circuit · 1977
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- Bank v. PittCourt of Appeals for the Eleventh Circuit · 1991
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