Legal Opinion

Fan v. StoneMor Partners LP

Court of Appeals for the Third Circuit

Decided June 20, 2019No. 17-3843PublishedCited by 32 opinions

1Opinion of the Court

RESTREPO, Circuit Judge.

*713This appeal arises from Plaintiffs' purchase of common units1 in Defendant StoneMor Partners L.P.'s ("StoneMor") business.2 The District Court granted StoneMor's motion to dismiss, primarily because Plaintiffs' allegations of securities fraud were found immaterial in light of Defendants' related disclosures. For the reasons explained below, we will affirm.

I

StoneMor sells products and services for funerals, including burial plots and related products. StoneMor is required by state law to hold in trust a percentage of proceeds from customers who purchase funeral products…

2Cases cited11 opinions

  1. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  2. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
  3. Omnicare, Inc. v. Laborers Dist. Council Constr. Industry Pension FundSupreme Court of the United States · 2015
  4. In Re Advanta Corp. Securities LitigationCourt of Appeals for the Third Circuit · 1999
  5. In Re Westinghouse Securities Litigation. Margaret Alessi, Gloria Bertinato, Michael C. Christner, Anna Marie Eroshevich, Toby Feuer, Kanwal K. Gupta, M.D., Matthew Harlib, Stanley Hershfang, Arnold M. Jacob, Louise Jacob, David Jaroslawicz, David Kirschner, Nathan Kleinhandler, Gerry Krim, Peter Lagorio, Nelson Lovins, Donald McLennan Jacob Joseph Miller, Dr. Alexander Miller, Thomas Mitchell, Edward Murabito, Michael E. Nogay, Joseph Raschak, Richard Schwartzchild, Dr. Michael Slavin, Dr. Michael Solomon, Selma Solomon, Spring Creek Cardiomedical Center, Ruth Stepak, Jim Thompson, Patricia J. Vanartsdalen, Albert ZuckerCourt of Appeals for the Third Circuit · 1996

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3Cited by32 opinions

  1. City of Warren Police and Fire v. Prudential Financial IncCourt of Appeals for the Third Circuit · 2023
  2. ALBERICI v. RECRO PHARMA, INC.District Court, E.D. Pennsylvania · 2020
  3. ALLEGHENY COUNTY EMPLOYEES' RETIREMENT SYSTEM v. ENERGY TRANSFER LPDistrict Court, E.D. Pennsylvania · 2021
  4. Accelerant Twister, LLC v. Marjo, LLCDistrict Court, D. Delaware · 2023
  5. Alejandro Handal v. Innovative Industrial Properties IncCourt of Appeals for the Third Circuit · 2025

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