Legal Opinion
Fed. Sec. L. Rep. P 98,617 Sullivan & Long, Incorporated v. Scattered Corporation
Court of Appeals for the Seventh Circuit
Decided March 13, 1995No. 94-2015PublishedCited by 38 opinions
1Opinion of the Court
POSNER, Chief Judge.
This is an appeal from the dismissal, for failure to state a claim, of a suit that charges violations of the securities laws growing out of a notorious, or at least newsworthy, episode of short selling of common stock of LTV Corporation. In re Scattered Corporation Securities Litigation, 844 F.Supp. 416 (N.D.Ill.1994); see, e.g., Kurt Eichenwald, “Stock Strategy under Scrutiny,” N.Y. Times, Aug. 26, 1993, p. Dl; Alexandra Peers & Jeffrey Taylor, “Chicago Broker Faces Inquiry over LTV Short Sales,” Wall St. J., Aug. 27, 1993, p. Cl. The plaintiffs allege a “market…
2Cases cited16 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
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3Cited by38 opinions
- ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007
- ANCHORBANK, FSB v. HoferCourt of Appeals for the Seventh Circuit · 2011
- In Re Initial Public Offering Securities LitigationDistrict Court, S.D. New York · 2003
- In Re Global Crossing, Ltd. Securities LitigationDistrict Court, S.D. New York · 2004
- In re PenrodCourt of Appeals for the Seventh Circuit · 1995
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