Legal Opinion
In Re PHLCORP Securities Tender Offer Litigation
District Court, S.D. New York
Decided December 2, 1988No. 88 Civ. 0306(PNL)PublishedCited by 6 opinions
1Opinion of the Court
LEVAL, District Judge.
Defendants move, pursuant to Fed.R.Civ. P. 12(b)(6) and 9(b), to dismiss the consolidated amended complaint (hereafter the “complaint”) for failure to state a claim upon which relief can be granted and failure to plead fraud with particularity.
BACKGROUND
The complaint alleges fraud in violation of § 14(e) of the Securities Exchange Act, 15 U.S.C. § 78n(e), and state law claims for breach of fiduciary duty to corporate stockholders. The defendants are Leucadia National Corporation (“Leucadia”); PHLCORP, Inc. (“PHLCORP”); Ian M. Cumming and Joseph S. Steinberg, officers and…
2Cases cited55 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985
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3Cited by6 opinions
- Polar International Brokerage Corp. v. ReeveDistrict Court, S.D. New York · 2000
- CSX Corp. v. Children's Investment Fund Management (UK) LLPDistrict Court, S.D. New York · 2008
- Epps v. Lomas Mortgage USA, Inc. (In Re Epps)District Court, E.D. Pennsylvania · 1990
- Federal Deposit Insurance Corp. v. YoungDistrict Court, N.D. Georgia · 1990
- In re Tangoe, Inc.District Court, D. Connecticut · 2018
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