Legal Opinion
Rivers v. Wachovia Corp.
Court of Appeals for the Fourth Circuit
Decided December 22, 2011No. 10-2222PublishedCited by 15 opinions
1Opinion of the Court
Affirmed by published opinion. Judge WILKINSON wrote the opinion, in which Judge MOTZ and Judge DUNCAN joined.
OPINION
WILKINSON, Circuit Judge:
A former shareholder in Wachovia Corporation, appellant John M. Rivers, Jr. seeks to recover personally for the precipitous decline in value of his approximately 100,000 shares of Wachovia stock during the recent financial crisis. The district court, however, dismissed Rivers’s suit against Wachovia and four of its senior executives. The court concluded that Rivers’s complaint stated a claim derivative of injury to the corporation and that he was…
2Cases cited20 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Barger v. McCoy Hillard & ParksSupreme Court of North Carolina · 1997
- Norman v. Nash Johnson & Sons' Farms, Inc.Court of Appeals of North Carolina · 2000
- Meyer v. FlemingSupreme Court of the United States · 1946
- Energy Investors Fund, L.P. v. Metric Constructors, Inc.Supreme Court of North Carolina · 2000
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3Cited by15 opinions
- Green v. FreemanSupreme Court of North Carolina · 2013
- Stephanie Keller v. Estate of Edward Stephen McRedmondTennessee Supreme Court · 2016
- Fisher v. Flue-Cured Tobacco Cooperative Stabilization Corp.Supreme Court of North Carolina · 2016
- ESTATE OF BROWNE v. ThompsonCourt of Appeals of North Carolina · 2012
- Rob Star v. TI Oldfield Development, LLCCourt of Appeals for the Fourth Circuit · 2020
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