Legal Opinion
Crystal v. Foy
District Court, S.D. New York
Decided April 26, 1983No. 80 Civ. 446PublishedCited by 75 opinions
1Opinion of the Court
EDWARD WEINFELD, District Judge.
Plaintiff, an attorney with securities law experience, purchased 150 shares of Bethlehem Steel Corporation (“Bethlehem”) on July 28, 1977, one day after it announced a reduction in its quarterly dividend from fifty cents to twenty-five cents. On August 18, 1977, following a disastrous flood at its Johnstown, Pennsylvania plant and other adverse factors, Bethlehem announced a plan to improve its profitability, a principal element of which was a 2.6 million ton reduction of its steelmaking capacity at its Johnstown and Lackawanna, New York plants.
In January 1980,…
2Cases cited19 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
14 more not listed; retrieve them via the Exa API.
3Cited by75 opinions
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
- Fed. Sec. L. Rep. P 93,060 the Connecticut National Bank v. Fluor Corporation and Fluor Acquisition CorporationCourt of Appeals for the Second Circuit · 1987
- O'BRIEN v. National Property Analysts PartnersDistrict Court, S.D. New York · 1989
- In Re Silicon Graphics, Inc. Securities LitigationDistrict Court, N.D. California · 1997
70 more not listed; retrieve them via the Exa API.