Owens v. Jastrow
Court of Appeals for the Fifth Circuit
1Opinion of the Court
STEPHEN A. HIGGINSON, Circuit Judge:
This case arises out of one of the largest bank failures in United States history. In August 2009, in the wake of the financial and housing crises, Guaranty Bank’s parent company filed for bankruptcy. Plaintiffs represent a putative class of former Guaranty stockholders whose equity interests were wiped out when Guaranty failed. They bring federal securities law claims against four former Guaranty executives, alleging that the executives made materially false and misleading statements regarding Guaranty’s assets. The district court dismissed the claims. For…
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- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Tuchman v. DSC Communications Corp.Court of Appeals for the Fifth Circuit · 1994
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