Legal Opinion

Sailors v. Northern States Power Co.

Court of Appeals for the Eighth Circuit

Decided September 2, 1993No. 92-2963PublishedCited by 19 opinions

1Opinion of the Court

LAY, Senior Circuit Judge.

B.L. Sailors, an investor in Northern States Power Company (NSP) common stock, brought a putative class action against NSP and its officers and directors under section 10(b) of the Securities Exchange Act of 1934, as amended 15 U.S.C. § 78j(b), and Securities Exchange Commission Rule 10b-5. Sailors also alleges the defendants violated the Minnesota Securities Act, Minn.Stat. § 80A.01 et seq., and the Minnesota Prevention of Consumer Fraud Act, Minn.Stat. § 325F.69 Subd. 1, and committed common law fraud and negligent misrepresentation.

Sailors alleges that NSP failed…

2Cases cited18 opinions

  1. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  2. David Hanon v. Dataproducts Corporation Jack C. DavisCourt of Appeals for the Ninth Circuit · 1992
  3. Myzel v. FieldsCourt of Appeals for the Eighth Circuit · 1967
  4. Gilbert Roeder, Etc. v. Alpha Industries, Inc.Court of Appeals for the First Circuit · 1987
  5. Keating v. Cinema 7, Inc.Supreme Court of the United States · 1990

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3Cited by19 opinions

  1. Mark G. Epstein Samuel C. Arsers, on Behalf of Themselves & All Others Similarly Situated v. Washington Energy Co. James A. ThorpeCourt of Appeals for the Ninth Circuit · 1996
  2. In Re: K-Tel International, Inc. Securities Litigation Pasquale Migliaccio Creative Care Corporation Glen Reudolph Morton Kahn David Rea Henry Werres Claude Seymour Igal Mammon Neil Litton, Dr. Jerry Booth Joseph Erlich Gary Ewin Tim Murchison Stanford D. Williams Rev. R.G. Moore Murray N. Johnson Elizabeth Alpert Arthur Alves Societe Financiere Privee and Ravi Anand, on Behalf of Themselves and All Others Similarly Situated v. K-Tel International, Inc. Philip Kives Lawrence Kives, Securities and Exchange Commission, Amicus on Behalf OfCourt of Appeals for the Eighth Circuit · 2002
  3. Hillson Partners Ltd. Partnership v. Adage, Inc.Court of Appeals for the Fourth Circuit · 1994
  4. In Re Enron Corp. Sec., Derivative & ERISA Lit.District Court, S.D. Texas · 2003
  5. In Re Keyspan Corp. Securities LitigationDistrict Court, E.D. New York · 2003

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