Legal Opinion
Gollomp v. MNC Financial, Inc.
District Court, D. Maryland
Decided January 10, 1991No. Civ. JFM-90-1117, JFM-90-1209, JFM-90-1319PublishedCited by 27 opinions
1Opinion of the Court
MEMORANDUM
MOTZ, District Judge.
These three consolidated actions are brought by five shareholders of MNC Financial, Inc. (“MNC”) against MNC and its former chairman and chief executive officer, Alan P. Hoblitzell, Jr. Seeking to represent a class of all persons who purchased MNC stock between January 17, 1989 and July 24, 1990, plaintiffs assert federal securities law claims and a claim for the common law tort of negligent misrepresentation. Defendants have filed a motion to dismiss.
I
On April 19, 1990, MNC announced a substantial increase of loan loss reserves in the first quarter of 1990…
2Cases cited13 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
- Blackie v. BarrackCourt of Appeals for the Ninth Circuit · 1975
8 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Adams v. NVR Homes, Inc.District Court, D. Maryland · 2000
- In Re Medimmune, Inc. Securities LitigationDistrict Court, D. Maryland · 1995
- In Re First Chicago Corp. Securities LitigationDistrict Court, N.D. Illinois · 1991
- Kerby v. Mortgage Funding Corp.District Court, D. Maryland · 1998
- Ferber v. Travelers Corp.District Court, D. Connecticut · 1992
22 more not listed; retrieve them via the Exa API.