Legal Opinion
Dr. Sampat Shivangi and Dr. Udaya S. Shivangi, Cross-Appellees v. Dean Witter Reynolds, Inc., Thomas Aitken and James Y. Palmer, Cross-Appellants
Court of Appeals for the Fifth Circuit
Decided August 27, 1987No. 86-4370PublishedCited by 57 opinions
1Opinion of the Court
PATRICK E. HIGGINBOTHAM, Circuit Judge:
Dr. and Mrs. Sampat S. Shivangi sued Dean Witter Reynolds, Inc., under SEC Rule 10b-5 for failing to disclose that Dean Witter’s account executives receive higher compensation for principal trades of over-the-counter stocks in which Dean Witter is a market maker than for other sales. The district court denied the Shivangis’ request during discovery for Rule 11 sanctions against Dean Witter, declined to certify the suit as a class action, denied leave for the Shivangis to amend their complaint to add a RICO claim, and finally granted Dean Witter’s motion…
2Cases cited20 opinions
- Foman v. DavisSupreme Court of the United States · 1962
- Parklane Hosiery Co. v. ShoreSupreme Court of the United States · 1979
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
15 more not listed; retrieve them via the Exa API.
3Cited by57 opinions
- Schiller v. Physicians Resource Group Inc.Court of Appeals for the Fifth Circuit · 2003
- Patricia Thomas v. Capital Security Services, Inc.Court of Appeals for the Fifth Circuit · 1988
- R2 Investments LDC v. PhillipsCourt of Appeals for the Fifth Circuit · 2005
- Jacobsen v. OsborneCourt of Appeals for the Fifth Circuit · 1998
- Little v. Liquid Air Corp.Court of Appeals for the Fifth Circuit · 1992
52 more not listed; retrieve them via the Exa API.