Garvey v. Arkoosh
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM AND ORDER ON DEFENDANTS’ MOTION TO DISMISS
STEARNS, District Judge.
This class action was brought on behalf of investors who purchased Diomed Holdings, Inc. (Diomed), common stock during the period from February 14, 2002, through March 21, 2002 (the Class Period). Plaintiffs allege violations by Diómed and its Chairman, James Arkoosh, of Sections 10(b) 1 and 20(a) 2 of the Securities Exchange Act of 1934, and associated Rule 10b-5. Plaintiffs allege that the price of Diomed stock was artificially inflated by a scheme in which stock analysts were secretly paid to praise Diomed and its…
2Cases cited26 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
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- Urman v. Novelos Therapeutics, Inc.District Court, D. Massachusetts · 2011
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