Schoenhaut v. American Sensors, Inc.
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM & ORDER
JONES, District Judge.
This case involves plaintiffs’ investment in a company, defendant American Sensors Inc. (“American Sensors” or the “Company”), that had experienced tremendous growth in its short operating history. When the Company’s stock price fell, this suit immediately followed.
Plaintiffs filed this action on behalf of a class of persons who purchased American Sensors’ stock through a secondary offering in January, 1995. Plaintiffs contend that the Company, its officers and directors, and the underwriters involved in the offering made material misrepresentations…
2Cases cited45 opinions
- Scheuer v. RhodesSupreme Court of the United States · 1974
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
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- In Re Complete Management Inc. Securities LitigationDistrict Court, S.D. New York · 2001
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