Legal Opinion

McLean v. Alexander

Court of Appeals for the Third Circuit

Decided May 18, 1979No. Nos. 78-2029, 78-2030PublishedCited by 109 opinions

1Opinion of the Court

OPINION OF THE COURT

GIBBONS, Circuit Judge:

Cashman & Schiavi (C & S) a firm of certified public accountants, appeal from a final judgment awarding Malcolm P. McLean damages in his suit under Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5, 17 C.F.R. § 240.-10b-5, and under the Delaware common law of fraud. McLean cross-appeals from the same judgment, contending that the court erred in calculating the credit C & S should receive an account of payments made by settling joint tortfeasors and in denying prejudgment interest. The case was tried to the court…

2Cases cited16 opinions

  1. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  2. Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
  3. Fed. Sec. L. Rep. P 95,887 Sundstrand Corporation v. Sun Chemical CorporationCourt of Appeals for the Seventh Circuit · 1977
  4. Fed. Sec. L. Rep. P 96,366 Benjamin A. Cook v. Avien, Inc., James F. Pritchard, Benjamin A. Cook v. Avien, Inc.Court of Appeals for the First Circuit · 1978
  5. Leeke v. GordonSupreme Court of the United States · 1978

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3Cited by109 opinions

  1. Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
  2. Eisenberg v. GagnonCourt of Appeals for the Third Circuit · 1985
  3. Huddleston v. Herman & MacLeanCourt of Appeals for the Fifth Circuit · 1981
  4. SHARP, Stanley L. v. COOPERS & LYBRAND, AppellantCourt of Appeals for the Third Circuit · 1981
  5. In Re Phillips Petroleum Securities Litigation. C.A. 85-14 Hudson v. Phillips Petroleum Company C.A. 85-45 Hudson v. Phillips Petroleum Company C.A. 85-281 Irwin v. Douce C.A. 85-401 Kelly v. Pickens C.A. 85-447 Lawrence v. Pickens C.A. 85-537 Cohen v. Mesa Petroleum Co. Appeal of Florence Hudson (Civil Action No. 85-14 Mms), Harry W. Voege S. Paul Posner & Co., a Partnership Ominsky, Joseph & Welsh, P.C., Defined Benefit Plan U/a Dated Ddt July 1, 1976, Albert Ominsky, Trustee Barnett Stepak Initio, Inc. Alfred D. Whitman Connecticut Medical Laboratory, Inc. Murray Bell Pierre Haber and Leonard Brawer (Civil Action No. 85-45 Mms), Christopher P. Kelly and Brynn Kelly, Trustees for the Kelly Family Trust Under Trust Agreement Dated as of October 1, 1977, on Behalf of Themselves and All Others Similarly Situated (Civil Action No. 85-401 Lon), John S. Lawrence, on Behalf of Himself and All Others Similarly Situated (Civil Action No. 85-447), Jerry C. Cohen (Civil Action No. 85-537 Mms). Appeal of John S. LawrenceCourt of Appeals for the Third Circuit · 1989

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