In Re Atlantic Financial Management, Inc. Securities Litigation
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM AND ORDER ON AZL DEFENDANTS’ MOTION FOR SUMMARY JUDGMENT
SKINNER, District Judge.
These consolidated class actions arose from an alleged scheme to inflate the price of defendant AZL Resources, Inc’s (“AZL”) stock, in violation of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq.; Rule 10b-5, 17 C.F.R. § 240.10b-5; Section 1962 of the Racketeer and Corrupt Organization Act (“RICO”), 18 U.S.C. § 1961 et seq.; and common law fiduciary duty. The plaintiffs are all investors who lost money on the stock. AZL and certain individual officers and directors of the…
2Cases cited18 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Agency Holding Corp. v. Malley-Duff & Associates, Inc.Supreme Court of the United States · 1987
- Blue Sky L. Rep. P 72,496, Fed. Sec. L. Rep. P 93,186 Thorburn Kennedy, Trustee v. Josephthal & Company, Inc., Edward M. Swartz and Fredric SwartzCourt of Appeals for the First Circuit · 1987
- John B. Janigan v. Frederick B. TaylorCourt of Appeals for the First Circuit · 1965
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- Dale v. HB Smith Co., Inc.District Court, D. Massachusetts · 1995
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