Legal Opinion
Fed. Sec. L. Rep. P 94,495 Latigo Ventures v. Laventhol & Horwath
Court of Appeals for the Seventh Circuit
Decided June 8, 1989No. 88-2821PublishedCited by 38 opinions
1Opinion of the Court
POSNER, Circuit Judge.
A group of disappointed investors, Láti-go Ventures, appeals the dismissal of its fraud suit against Laventhol & Horwath, the accounting firm that audited Xonics, Inc. The plaintiffs had bought stock in Xonics, a publicly traded manufacturer of medical equipment, for more than $7 million in a private placement, and shortly afterward Xonics had declared bankruptcy. The suit charges Laventhol & Horwath with having violated the Securities and Exchange Commission’s Rule 10b-5, 17 C.F.R. § 240.10b-5, and having aided and abetted Xonics’s violations of Rule 10b-5. There are…
2Cases cited11 opinions
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- SHARP, Stanley L. v. COOPERS & LYBRAND, AppellantCourt of Appeals for the Third Circuit · 1981
- Abell v. Potomac Insurance CompanyCourt of Appeals for the Fifth Circuit · 1988
- Bernard A. Schlifke and Harvey Kallick, D/B/A K & S Investments Co., a Partnership v. Seafirst Corp. And Seattle-First National BankCourt of Appeals for the First Circuit · 1989
6 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
- Ivan N. Schatz Joann B. Schatz v. Mark E. Rosenberg Mer Enterprises, Incorporated Stephen Jaeger Weinberg & GreenCourt of Appeals for the Fourth Circuit · 1991
- David Farlow v. Peat, Marwick, Mitchell & Co.Court of Appeals for the Tenth Circuit · 1992
- Ampat/midwest, Inc., Cross-Appellee v. Illinois Tool Works Inc., Cross-Appellant, and Triangle Fastener Corp.Court of Appeals for the Seventh Circuit · 1990
- Newton v. Merrill Lynch, Pierce, Fenner & Smith, Inc.Court of Appeals for the Third Circuit · 2001
33 more not listed; retrieve them via the Exa API.