Legal Opinion
Nicholas La Grasta, Domenico La Grasta, and Mauro La Grasta, on Behalf of Themselves and All Others Similarly Situated v. First Union Securities, Inc.
Court of Appeals for the First Circuit
Decided January 30, 2004No. 02-16215PublishedCited by 702 opinions
1Opinion of the Court
JORDAN, District Judge:
In this securities fraud class action against First Union Securities, Inc., investors who purchased the stock of Ask Jeeves, Inc., an online internet research company, claimed that First Union’s analyst, through her “strong buy” recommendations, inflated the price of Ask Jeeves shares while acting under an undisclosed conflict of interest. This conflict, it was alleged, consisted of First Union and its analyst trying to obtain investment banking business from Ask Jeeves at the same time that they were supposed to be providing unbiased analysis on the company and its…
2Cases cited30 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Papasan v. AllainSupreme Court of the United States · 1986
- Murray Stein v. Reynolds Securities, Inc.Court of Appeals for the Eleventh Circuit · 1982
- Lampf, Pleva, Lipkind, Prupis & Petigrow v. GilbertsonSupreme Court of the United States · 1991
- Joe Marsh, Leroy Owens v. Butler County, Alabama, the Butler County CommissionCourt of Appeals for the Eleventh Circuit · 2001
25 more not listed; retrieve them via the Exa API.
3Cited by702 opinions
- Lentell v. Merrill Lynch & Co.Court of Appeals for the Second Circuit · 2005
- San Martin v. McNeilCourt of Appeals for the Eleventh Circuit · 2011
- Lentell v. Merrill Lynch & Co. Inc.Court of Appeals for the Second Circuit · 2005
- United States v. Erickson Meko CampbellCourt of Appeals for the Eleventh Circuit · 2022
- Holland v. GeeCourt of Appeals for the Eleventh Circuit · 2012
697 more not listed; retrieve them via the Exa API.