Legal Opinion
In Re Phillips Petroleum Securities Litigation
District Court, D. Delaware
Decided May 25, 1990No. Civ. A. Misc. 85-75 MMSPublishedCited by 10 opinions
1Opinion of the Court
OPINION
MURRAY M. SCHWARTZ, Senior District Judge.
This opinion resolves defendants’ renewed summary judgment motion arising out of the announcement of a proposed hostile tender offer for Phillips Petroleum (“Phillips”) led by Mesa Partners 1 (the “Partnership”). The Plaintiffs allege violations of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) (1982) and Rule 10b-5, 17 C.F.R. § 240.10b~5 (1988); a claim under the Racketeer Influenced and Corrupt Organizations Act (“RICO”), 18 U.S.C. §§ 1961-68 (1982); and claims arising under Delaware state law. 2 The named defendants…
2Cases cited40 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- United States v. Diebold, Inc.Supreme Court of the United States · 1962
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
35 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Linus Holding Corp. v. Mark Line Indus., LLCDistrict Court, D. New Jersey · 2019
- Enron Corp. Securities, Derivative & "Erisa" Litigation v. UBS PaineWebber, Inc.District Court, S.D. Texas · 2017
- Randle v. GC Services, L.P.District Court, N.D. Illinois · 1998
- Gordon v. Diagnostek, Inc.District Court, E.D. Pennsylvania · 1993
- ALT Hotel, LLC v. DiamondRock Allerton Owner, LLC (In re ALT Hotel, LLC)United States Bankruptcy Court, N.D. Illinois · 2012
5 more not listed; retrieve them via the Exa API.