Legal Opinion
City of Taylor General Employees Retirement System v. Magna International Inc.
District Court, S.D. New York
Decided August 23, 2013No. 12 Civ. 3553(NRB)PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
NAOMI REICE BUCHWALD, District Judge.
An actionable securities fraud claim requires more than a frustrated investor. Nevertheless, that is all we have here. Lead plaintiff Boilermaker-Blacksmith National Pension Trust (“plaintiff’) filed this putative class action on behalf of all persons and entities that purchased the common stock of global automotive supplier Magna International Inc. (“Magna” or the “Company”) between August 6, 2010 and August 5, 2011, inclusive (the putative “class period”).
Throughout the class period, Magna repeatedly warned its investors that four of…
2Cases cited36 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
- 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
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3Cited by9 opinions
- In re Lululemon Securities LitigationDistrict Court, S.D. New York · 2014
- Livingston v. Cablevision Systems Corp.District Court, E.D. New York · 2013
- Altimeo Asset Management v. Qihoo 360 Technology Co. Ltd.District Court, S.D. New York · 2020
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- Bisel v. Acasti Pharma, Inc.District Court, S.D. New York · 2022
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