all - Opinion Summaries

KALNIT v. EICHLER

Securities Law
Under 15 USC 78u-4(b)(2) of the Private Securities Litigation Reform Act, an allegation that corporate officers did not disclose the ability of a...

FLEET BOSTON ROBERTSON STEPHENS, INC. v. INNOVEX, INC.

Dispute Resolution & Arbitration, Securities Law
Under the NASD Code, a "customer" must receive investment or brokerage services from an NASD member and not just banking and financial advice.

IN RE: CENDANT CORPORATION LITIGATION

Civil Procedure, Class Actions, Corporation & Enterprise Law, Securities Law
A current shareholder seeking to present claims on behalf of the settling corporation in a securities class action must bring those claims as...

MOSEMAN v. VAN LEER

Injury & Tort Law, Securities Law
Plaintiffs could not justifiably rely upon defendant's allegedly misstated representations used to pledge their corporate securities when they...

NAVELLIER v. SLETTEN

Securities Law
Where plaintiffs were not the intended beneficiaries of legal advice to independent trustees, the harm alleged was not a foreseeable result of that...

DESMOND v. BANKAMERICA CORP.

Civil Procedure, Class Actions, Securities Law
The lead plaintiff provisions of the Private Securities Litigation Reform Act are an "expressly authorized" exception to the Anti-Injunction Act, 28...

LEVY v. SOUTHBROOK INT'L INVS., LTD.

Securities Law
Where a binding conversion cap denies an investor the right to acquire more than 10 percent of the underlying equity securities of an issuer, at any...

HOFFEND v. VILLA

Bankruptcy Law, Securities Law
Alleged fraud of debtor's employees that may be imputed to debtor under section 20(a) of the Securities Exchange Act will not make debt...

SALOMON SMITH BARNEY, INC. v. HARVEY

Dispute Resolution & Arbitration, Securities Law
A district court may look to the underlying merits of a fraud claim to determine whether an action falls within the six-year time period for an NASD...

NEWTON v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.

Class Actions, Securities Law
Where the execution of plaintiffs' NASAQ trades at the National Best Bid and Offer system listed price did not necessarily injure each class member,...