Legal Opinion

In Re MTC Electronic Technologies Shareholders Litigation

District Court, E.D. New York

Decided September 7, 1995No. 1:93-cr-00876PublishedCited by 27 opinions

1Opinion of the Court

MEMORANDUM AND ORDER

GLEESON, District Judge.

The plaintiffs are purchasers of defendant MTC Electronic Technologies Co., Ltd. (“MTC”) stock. They have brought this putative class action 1 against MTC, several of its officers and directors, its accountant and its underwriters, alleging violations of the federal securities laws. Two of the individual defendants are also charged with violating the Racketeer Influenced and Corrupt Organizations Act (“RICO”).

In a hearing on April 15, 1994, the Hon. Reena Raggi denied defendants’ motions to dismiss the complaint. Shortly thereafter, the Supreme…

2Cases cited37 opinions

  1. Conley v. GibsonSupreme Court of the United States · 1957
  2. Scheuer v. RhodesSupreme Court of the United States · 1974
  3. Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
  4. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  5. Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994

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3Cited by27 opinions

  1. Fed. Sec. L. Rep. P 90,266 Irene L. Wright, on Behalf of Herself and All Others Similarly Situated v. Ernst & Young LLPCourt of Appeals for the Second Circuit · 1998
  2. In Re MicroStrategy, Inc. Securities LitigationDistrict Court, E.D. Virginia · 2000
  3. In Re Enron Corp. Securities, Derivative & ERISA Lit.District Court, S.D. Texas · 2002
  4. In Re Health Management, Inc. Securities LitigationDistrict Court, E.D. New York · 1997
  5. Pacific Investment Management Co. v. Mayer Brown LLPCourt of Appeals for the Second Circuit · 2010

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