Coyne v. Metabolix, Inc.
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM AND ORDER
DOUGLAS P. WOODLOCK, District Judge.
Plaintiff Hilary Coyne brings this lawsuit alleging securities fraud by Defendant Metabolix, Inc. and two of its executives, Richard Eno and Joseph Hill. Plaintiff contends the Defendants misrepresented the company’s ability to meet certain projected milestones in its biopolymer plastic manufacturing business and that it hid issues regarding product quality.
Defendants move to dismiss arguing Plaintiff has not sufficiently alleged (1) any material misrepresentation, (2) that Defendants knew any misrepresentation was false, even if one did…
2Cases cited31 opinions
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- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
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