Legal Opinion
Dresner v. Utility. Com, Inc.
District Court, S.D. New York
Decided May 18, 2005No. 01 Civ. 7221(SHS)PublishedCited by 18 opinions
1Opinion of the Court
OPINION & ORDER
STEIN, District Judge.
This suit arises from a dot com deal turned sour. Plaintiffs sold their communications software company — VCOM. COM — to an internet utility provider— Utility.com — and received most of the consideration for their VCOM.COM shares in the form of Utility.com shares. Within seven months of acquiring VCOM.COM, Utility.com was liquidated, rendering its stock essentially worthless. Plaintiffs claim they were fraudulently lured into the transaction and seek damages for alleged violations of Sections 10(b), 15 U.S.C. § 78j(b), and 20(a), 15 U.S.C. § 77o, of the…
2Cases cited32 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
- Mills v. Polar Molecular Corp.Court of Appeals for the Second Circuit · 1993
- Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. BrennanCourt of Appeals for the First Circuit · 1996
- Rothman v. GregorCourt of Appeals for the Second Circuit · 2000
27 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007
- Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLCDistrict Court, S.D. New York · 2006
- Kermanshah v. KermanshahDistrict Court, S.D. New York · 2008
- 380544 Canada, Inc. v. Aspen Technology, Inc.District Court, S.D. New York · 2008
- In Re National Century Financial Enterprises, Inc.District Court, S.D. Ohio · 2007
13 more not listed; retrieve them via the Exa API.