In Re Alliance Pharmaceutical Corp. Securities Litigation
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM DECISION AND ORDER GRANTING IN PART AND DENYING IN PART DEFENDANTS’ MOTION FOR SUMMARY JUDGMENT
MCMAHON, District Judge:
Plaintiffs, former shareholders of Molecular Biosystems, Inc. (“MBI”), bring this action against Alliance Pharmaceutical Corp. (“Alliance”) and three of its officers—Duane J. Roth (“D. Roth), Theodore D. Roth (“T. Roth”), and Tim T. Hart (“Hart”) —under Sections 11 and 12(a)(2) of the Securities Act of 1933 (15 U.S.C. §§ 77k, 772). Plaintiffs also allege that the individual defendants, as control persons of Alliance, violated Section 15 of the Securities Act of…
2Cases cited31 opinions
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- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
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