Legal Opinion

Staffin v. Greenberg

Court of Appeals for the Third Circuit

Decided February 19, 1982No. Nos. 81-1665 to 81-1670PublishedCited by 81 opinions

1Opinion of the Court

OPINION OF THE COURT

A. LEON HIGGINBOTHAM, Jr., Circuit Judge.

“Buy low, sell high” is good advice for any investor, but, unfortunately, this oft-repeated adage does not advise the investor as to what day or month the stock will be at its highest peak. This is an action by disappointed shareholders of Bluebird, Incorporated, who sold stock to their company at $10.00 per share in July, 1979, only to see their company agree to merge with another company, at $15.00 per share, in August, 1979. After the completion of discovery, the district court, in an exhaustive opinion, granted summary judgment…

2Cases cited28 opinions

  1. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
  2. Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
  3. Chiarella v. United StatesSupreme Court of the United States · 1980
  4. Fed. Sec. L. Rep. P 98,005 State Teachers Retirement Board v. Fluor Corporation and Manufacturers Hanover Trust Company, DefendantsCourt of Appeals for the Second Circuit · 1981
  5. Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973

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3Cited by81 opinions

  1. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  2. Michael E. Moss v. Morgan Stanley Inc., E. Jacques Courtois, Jr., Adrian Antoniu, and James M. Newman, Morgan Stanley Inc. And James M. NewmanCourt of Appeals for the Second Circuit · 1983
  3. Gilbert Roeder, Etc. v. Alpha Industries, Inc.Court of Appeals for the First Circuit · 1987
  4. Craftmatic Securities Litigation v. KraftsowCourt of Appeals for the Third Circuit · 1989
  5. James S. Jordan, Cross-Appellee v. Duff and Phelps, Inc., Claire v. Hansen, and Francis E. Jeffries, Defendants- Cross-AppellantsCourt of Appeals for the Seventh Circuit · 1987

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