Legal Opinion

Fed. Sec. L. Rep. P 99,459 Mark Law, on Behalf of Themselves and All Others Similarly Situated v. Medco Research, Inc.

Court of Appeals for the Seventh Circuit

Decided June 19, 1997No. 96-2344, 96-2345PublishedCited by 93 opinions

1Opinion of the Court

POSNER, Chief Judge.

When this securities fraud case was last before us, we held that the district judge had erred when he granted the defendants’ motion to dismiss on the ground that it was apparent from the face of the complaint that the suit had been filed after the one-year statute of limitations applicable to suits under the SEC’s Rule 10b-5 had run. LaSalle v. Medco Research, Inc., 54 F.3d 443 (7th Cir.1995) (same case, different lead named plaintiff). We rejected the proposition “that the conjunction of optimistic forecasts -with a sharp drop in price establishes inquiry notice as a…

2Cases cited20 opinions

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3Cited by93 opinions

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Fujisawa Pharmaceutical Company, Ltd., and Fujisawa Usa, Inc. v. John K. KapoorCourt of Appeals for the Seventh Circuit · 1997
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