Legal Opinion
Twin Fires Investment, LLC v. Morgan Stanley Dean Witter & Co.
Massachusetts Superior Court
Decided December 23, 2002No. 0000751FPublishedCited by 1 opinion
1Opinion of the CourtGants, J.
On February 11, 2000, at around 1:00 p.m., the initial public offering (“IPO”) of 4,100,000 shares in webMethods, Inc. (“WEBM”), a technology company specializing in business-to-business communication, began to be publicly traded on the NASDAQ. In what seemed then the natural order of things and what, in retrospect, appears to have been “irrational exuberance,” the opening share price of $35 per share rose within minutes of public trading to $189, eventually rising to $215 later that day. The plaintiff, Twin Fires Investment, LLC (“Twin Fires”), a limited liability company organized by the…
2Cases cited30 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Pinter v. DahlSupreme Court of the United States · 1988
- United States v. O'HaganSupreme Court of the United States · 1997
- PMP Associates, Inc. v. Globe Newspaper Co.Massachusetts Supreme Judicial Court · 1975
- Danca v. Taunton Savings BankMassachusetts Supreme Judicial Court · 1982
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3Cited by1 opinion
- Access Cardiosystems, Inc. v. Fincke (In Re Access Cardiosystems, Inc.)United States Bankruptcy Court, D. Massachusetts · 2010