Legal Opinion

Shields v. Amoskeag Bank Shares, Inc.

District Court, D. New Hampshire

Decided May 17, 1991No. Civ. 90-83-D, 90-85-D, 90-86-DPublishedCited by 17 opinions

1Opinion of the Court

ORDER

DEVINE, Chief Judge.

The above-captioned cases are representative of a host of securities fraud lawsuits filed in federal district courts against New England banks as a result of the woefully deteriorating real estate markets and recessionary economic conditions in the Northeast. Plaintiffs bring these actions seeking damages incurred as a result of defendants’ alleged violations of the Securities Exchange Act of 1934 §§ 10(b), 20; and its attendant regulation, Rule 10b-5,17 C.F.R. § 240.10-b. Prior to the transfer of these cases from the Eastern District of Pennsylvania to this court,…

2Cases cited30 opinions

  1. Conley v. GibsonSupreme Court of the United States · 1957
  2. Scheuer v. RhodesSupreme Court of the United States · 1974
  3. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  4. Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
  5. Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977

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3Cited by17 opinions

  1. Serabian v. Amoskeag Bank Shares, Inc.Court of Appeals for the First Circuit · 1994
  2. Ciresi v. CiticorpDistrict Court, S.D. New York · 1991
  3. Ferber v. Travelers Corp.District Court, D. Connecticut · 1992
  4. Schaffer v. Timberland Co.District Court, D. New Hampshire · 1996
  5. In Re E.Spire Communications, Inc. Securities LitigationDistrict Court, D. Maryland · 2001

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