Legal Opinion
Longman v. Food Lion, Inc.
Court of Appeals for the Fourth Circuit
Decided October 7, 1999No. 98-2116PublishedCited by 108 opinions
1Opinion of the Court
Affirmed by published opinion. Judge NIEMEYER wrote the opinion, in which Judge WIDENER joined. Judge MURNAGHAN wrote a dissenting opinion.
OPINION
NIEMEYER, Circuit Judge:
On the day after ABC aired its “Prime-Time Live” television broadcast on November 5, 1992, detailing allegedly widespread unsanitary practices and labor law violations in grocery stores owned by Food Lion, Inc., the price of Food Lion’s Class A stock fell approximately 11%, and the price of its Class B stock fell approximately 14%. A week later, stockholders David Longman, Jeffrey Feinman, and others who had purchased Food…
2Cases cited13 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Virginia Bankshares, Inc. v. SandbergSupreme Court of the United States · 1991
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3Cited by108 opinions
- Gariety v. Grant Thornton, LLPCourt of Appeals for the Fourth Circuit · 2004
- Makor Issues & Rights, Ltd. v. Tellabs, Inc.Court of Appeals for the Seventh Circuit · 2006
- City Of Monroe Employees Retirement System v. Bridgestone CorporationCourt of Appeals for the Sixth Circuit · 2005
- In Re MicroStrategy, Inc. Securities LitigationDistrict Court, E.D. Virginia · 2000
- Norman Ottmann v. Hanger Orthopedic Group, Incorporated Ivan R. Sabel Richard A. Stein v. David Chopko Gary Backous, Movant-AppellantsCourt of Appeals for the Fourth Circuit · 2003
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