Legal Opinion
In Re Philip Services Corp. Securities Litigation
District Court, S.D. New York
Decided May 24, 2004No. 98 Civ. 0835(MBM)PublishedCited by 43 opinions
1Opinion of the Court
OPINION AND ORDER
MUKASEY, District Judge.
This opinion and order treats two motions to dismiss a consolidated class action. The action arises out of an announcement of losses and restatement of earnings by Philip Services Corporation (“Philip”), a Canadian metal processing company.
Plaintiffs represent an uncertified class of investors who purchased Philip stock or call options during the proposed class period, or former shareholders of companies whose stock was exchanged for Philip stock. The gravamen of their complaint is that Philip perpetrated a massive fraud upon its shareholders by making…
2Cases cited63 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Swierkiewicz v. Sorema N. A.Supreme Court of the United States · 2002
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
58 more not listed; retrieve them via the Exa API.
3Cited by43 opinions
- In Re Refco, Inc. Securities LitigationDistrict Court, S.D. New York · 2007
- In Re Alstom SA Securities LitigationDistrict Court, S.D. New York · 2005
- In Re Marsh & McLennan Companies, Inc. Securities LitigationDistrict Court, S.D. New York · 2006
- In Re JP Morgan Chase Securities LitigationDistrict Court, S.D. New York · 2005
- In Re BISYS Securities LitigationDistrict Court, S.D. New York · 2005
38 more not listed; retrieve them via the Exa API.