Greebel v. FTP Software, Inc.
Court of Appeals for the First Circuit
1Opinion of the Court
LYNCH, Circuit Judge.
This case requires us for the first time to interpret the provisions of the Private Securities Litigation Reform Act of 1995, 15 U.S.C. § 78u-4. Plaintiffs, purchasers of FTP Software stock from July 14, 1995 to January 3, 1996, brought suit under sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b), 78t(a). During the period of plaintiffs’ purchases, the stock reached a high of $38,875 per share. On January 4, 1996, the company announced that sales growth had declined and that it would have lower earnings. That same day, the stock price…
2Cases cited59 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
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- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
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