Legal Opinion

Rosen v. Textron, Inc.

District Court, D. Rhode Island

Decided June 15, 2004No. C.A. 02-190S, 02-264SPublishedCited by 6 opinions

1Opinion of the Court

DECISION AND ORDER

SMITH, District Judge.

Plaintiffs, purchasers of Textron, Inc. (“Textron”) common stock between October 19, 2000 and September 26, 2001 (the “Class Period”), bring this securities fraud class action 1 alleging that Textron and several of its senior executives (the “Individual Defendants”) 2 (sometimes collectively, the “Defendants”) fraudulently misled stock purchasers as to Textron’s profitability during the Class Period in violation of the Securities and Exchange Act of 1934 (the “Exchange Act”). Specifically, Plaintiffs claim that certain accounting adjustments announced…

2Cases cited30 opinions

  1. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  2. Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
  3. Valerie Watterson v. Eileen PageCourt of Appeals for the First Circuit · 1993
  4. Shaw v. Digital Equipment Corp.Court of Appeals for the First Circuit · 1996
  5. Howard Wool v. Tandem Computers Incorporated, Robert C. Marshall, Henry v. Morgan, and James G. TreybigCourt of Appeals for the Ninth Circuit · 1987

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3Cited by6 opinions

  1. Freudenberg v. E Trade Financial Corp.District Court, S.D. New York · 2010
  2. In Re Williams Securities LitigationDistrict Court, N.D. Oklahoma · 2007
  3. In Re AFC Enterprises, Inc. Securities LitigationDistrict Court, N.D. Georgia · 2004
  4. In Re Bausch & Lomb, Inc. Securities LitigationDistrict Court, W.D. New York · 2008
  5. Rosen v. Textron, Inc.District Court, D. Rhode Island · 2005

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