Legal Opinion
Podany v. Robertson Stephens, Inc.
District Court, S.D. New York
Decided February 17, 2004No. 03 Civ. 3961(GEL), 03 Civ. 4018(GEL)PublishedCited by 49 opinions
1Opinion of the Court
OPINION AND ORDER
LYNCH, District Judge:
The above-captioned cases concern allegations that an equity analyst engaged in a scheme, with the knowledge of his employer broker-dealer, to commit securities fraud by publishing false statements of opinion about certain issuers in reports disseminated by the broker-dealer. The proposed plaintiff classes, composed of purchasers of the issuers’ stock, argue that the defendant analyst opined positively about the effect of announced mergers on the issuers’ stock, not because he truly believed that the mergers would have a beneficial effect on the issuers,…
2Cases cited17 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
- Acito v. IMCERA Group, Inc.Court of Appeals for the Second Circuit · 1995
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
12 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- In Re Bank of America Corp. Securities, Derivative, & Employee Retirement Income Security Act (ERISA) LitigationDistrict Court, S.D. New York · 2010
- In Re JP Morgan Chase Securities LitigationDistrict Court, S.D. New York · 2005
- AG Funds, L.P. v. SanofiDistrict Court, S.D. New York · 2015
- City of Roseville Employees' Retirement System v. Energysolutions, Inc.District Court, S.D. New York · 2011
- DeAngelis v. CorzineDistrict Court, S.D. New York · 2013
44 more not listed; retrieve them via the Exa API.