United States Third Circuit

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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.

Appellate Information

  • Decided 02/21/2003
  • Published 02/21/2003


  • Before SLOVITER, McKEE, and ROSENN, Circuit Judges.


  • United States Third Circuit


  • For Appellant:
  • A. Arnold Gershon, (Argued), Ballon, Stoll, Bader & Nadler, New York, for Appellant.

  • For Appellees:
  • Louis M. Solomon, (Argued), Andrew J. Levander, Swidler Berlin Shereff Friedman, New York, for Appellees.
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