Legal Opinion
Leventhal v. Tow
District Court, D. Connecticut
Decided March 31, 1999No. Civ.A.3:97CV01642DJSPublishedCited by 28 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
SQUATRITO, District Judge.
The plaintiffs, stockholders in the Citizens Utilities Company (“Citizens”), brought this class action claiming that the defendants concealed and misrepresented Citizens’ financial condition. Specifically, the complaint alleges that Citizens concealed information regarding the value of its assets and the state of its telecommunications expansion, in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. §§ 78j(b) and 78t(a); Rule 10b-5 promulgated thereunder, 17 C.F.R. § 240. The…
2Cases cited28 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Scheuer v. RhodesSupreme Court of the United States · 1974
- Hishon v. King & SpaldingSupreme Court of the United States · 1984
- Pension Benefit Guaranty Corporation v. White Consolidated Industries, Inc., C/o Ct Corporation Systems Registered AgentCourt of Appeals for the Third Circuit · 1993
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
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3Cited by28 opinions
- Kalnit v. EichlerCourt of Appeals for the Second Circuit · 2001
- Kalnit v. EichlerCourt of Appeals for the Second Circuit · 2001
- In Re JP Morgan Chase Securities LitigationDistrict Court, S.D. New York · 2005
- In Re Nice Systems, Ltd. Securities LitigationDistrict Court, D. New Jersey · 2001
- In Re Intelligroup Securities LitigationDistrict Court, D. New Jersey · 2007
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