Legal Opinion
Small v. Fritz Companies, Inc.
California Supreme Court
Decided April 7, 2003No. S091297PublishedCited by 214 opinions
1Opinion of the Court
Opinion
KENNARD, J.
This is a stockholder’s action charging that defendant corporation and its officers sent its stockholders a fraudulent quarterly financial report that grossly overreported earnings and profits. Plaintiff alleged that when the fraud was discovered, the price of the corporate stock dropped precipitously, causing injury to stockholders like himself.1 The trial court sustained a demurrer without leave to amend and entered judgment for *171defendants; the Court of Appeal reversed. We granted defendants’ petition for review.
The petition for review raised only a single issue: “Should…
2Cases cited35 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- In Re Silicon Graphics Inc. Securities Litigation. Edmund J. Janas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc., Deanna Brody Andrea S. Donald Israel Buck Ruth Buck Denise Struthers Thomas G. Di Cicco Ira Steven B. Ewall Rosalyn Golaine Jerry Krim Mary Anne Beke Herman Grossman Samuel J. Reiner Dennis Lucas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc.Court of Appeals for the Ninth Circuit · 1999
- Birnbaum v. Newport Steel Corp.Court of Appeals for the Second Circuit · 1952
- Lazar v. Superior CourtCalifornia Supreme Court · 1996
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3Cited by214 opinions
- Holmes v. GrubmanCourt of Appeals for the Second Circuit · 2009
- Charles Schwab Corp. v. Bank of America Corp.Court of Appeals for the Second Circuit · 2018
- Olson v. Major League BaseballCourt of Appeals for the Second Circuit · 2022
- Grant Thornton LLP v. Prospect High Income FundTexas Supreme Court · 2010
- Yei Sun v. Advanced China HealthcareCourt of Appeals for the Ninth Circuit · 2018
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