Legal Opinion
In Re Verifone Securities Litigation
District Court, N.D. California
Decided February 21, 1992No. C-90-2705-VRWPublishedCited by 96 opinions
1Opinion of the Court
AMENDED ORDER GRANTING MOTIONS TO DISMISS. *
WALKER, District Judge.
This litigation arises out of the initial public offering of common stock of Veri-Fone, Inc. on March 13, 1990.
The offering was underwritten on a firm commitment basis at $16 per share by Morgan Stanley & Co., Robertson, Stephens & Co. (“Robertson”), and Dean Witter Reynolds, Inc. (“Dean Witter”). As frequently happens, 1 the price of VeriFone stock jumped up on the first day of trading to substantially more than the initial offering price, closing at $19V4. 2 The stock price continued to climb during the spring and early…
2Cases cited25 opinions
- Papasan v. AllainSupreme Court of the United States · 1986
- Simon v. Eastern Kentucky Welfare Rights OrganizationSupreme Court of the United States · 1976
- O'Shea v. LittletonSupreme Court of the United States · 1974
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
20 more not listed; retrieve them via the Exa API.
3Cited by96 opinions
- Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
- Shaw v. Digital Equipment Corp.Court of Appeals for the First Circuit · 1996
- Glassman v. Computervision Corp.Court of Appeals for the First Circuit · 1996
- D. Neubronner v. Michael R. MilkenCourt of Appeals for the Ninth Circuit · 1993
- Fed. Sec. L. Rep. P 99,272, 96 Cal. Daily Op. Serv. 5268, 96 Daily Journal D.A.R. 8535 in Re Stac Electronics Securities Litigation. Timothy J. Anderson Neil Singer Arthur Singer, on Behalf of Themselves and All Others Similarly Situated v. Gary W. Clow Douglas Whiting Robert Johnson Alex Brown & Sons Incorporated Lawrence FinchCourt of Appeals for the Ninth Circuit · 1996
91 more not listed; retrieve them via the Exa API.