Frank v. Dana Corp.
Court of Appeals for the Sixth Circuit
1Opinion of the Court
OPINION
BOYCE F. MARTIN, JR., Circuit Judge.
This is a class-action securities fraud case reaching this Court for the second time. Initially, Plaintiffs filed a consolidated complaint alleging that Michael Burns and Robert Richter, chief executive officer and chief financial officer respectively of Dana Corporation, violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b), 78t(a), and Rule 10b-5, 17 C.F.R. § 240.10b-5 (2009). Plaintiffs claim that Burns and Richter made false statements regarding Dana’s financial health in violation of section 10(b), and…
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