SHAEV v. SAPER, 02-2206
Dismissal of a derivative lawsuit under the Securities Exchange Act of 1934, alleging that a proxy statement made false and misleading statements regarding material facts, was improper where statements did not satisfy material disclosure obligations under Rule 14a-9.
- Decided 02/21/2003
- Published 02/21/2003
Before SLOVITER, McKEE, and ROSENN, Circuit Judges.
United States Third Circuit
A. Arnold Gershon, (Argued), Ballon, Stoll, Bader & Nadler, New York, for Appellant.
Louis M. Solomon, (Argued), Andrew J. Levander, Swidler Berlin Shereff Friedman, New York, for Appellees.