Legal Opinion
Messing v. FDI, Inc.
District Court, D. New Jersey
Decided November 3, 1977No. Civ. A. 74-1687PublishedCited by 22 opinions
1Opinion of the Court
OPINION
STERN, District Judge.
In this derivative action, shareholders of FDI, Inc., charge violations of the Securities Act of 1934, 15 U.S.C. §§ 78a et seq. Specifically, they seek relief based on Rules 14a-9 and 10b-5, 17 C.F.R. §§ 240.14a-9 and 240.10b-5, promulgated under 15 U.S.C. §§ 78b and 78j(b), respectively, predicated on the alleged fraud of some of the directors and the alleged negligence of the remaining directors. Plaintiffs also assert pendent state law claims of negligence, fraud, waste, and breach of fiduciary duty. At issue now is the question whether the defendant directors…
2Cases cited15 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Fed. Sec. L. Rep. P 95,512 Marvyn Gould, of the Estate of J. Donald Rogasner, in No. 75-1338. v. American-Hawaiian Steamship Company, Cross-AppellantsCourt of Appeals for the Third Circuit · 1976
- Fed. Sec. L. Rep. P 93,675 James M. Richardson v. Hamilton International CorporationCourt of Appeals for the Third Circuit · 1972
- United States v. Carlton E. Bryant, United States of America v. William E. TurnerCourt of Appeals for the D.C. Circuit · 1971
- Cannon v. US Acoustics CorporationDistrict Court, N.D. Illinois · 1975
10 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Bell Atlantic Corp. v. BolgerCourt of Appeals for the Third Circuit · 1993
- Liquilux Gas Corp. v. Humberto BerríosSupreme Court of Puerto Rico · 1995
- Rice v. BaronDistrict Court, S.D. New York · 1978
- Stepak v. AddisonCourt of Appeals for the Eleventh Circuit · 1994
- Schmidt v. Magnetic Head Corp.Appellate Division of the Supreme Court of the State of New York · 1984
17 more not listed; retrieve them via the Exa API.