Filed July 17, 2008
Litig., 733 F. Supp. 668, 675 (S.D.N.Y. 1990) (citing SEC v. Tex. Gulf Sulphur Co., 401 F.2d 833, 860-862 (2d Cir. 1968) (en banc), cert. denied, 394 U.S. 976 (1969)); see also In re Time Warner, Inc. Sec.
Filed November 3, 2014
SEC v. Texas Gulf Sulphur Co., 401 F.2d 833, 849 (2d Cir. 1968), cert. denied, 394 U.S. 976 (1969); Ganino v. Citizens Utils. Co., 228 F.3d 154, 161- 62 (2d Cir. 2000) (a statement that an investor would have considered significant in making investment decisions).
Filed June 5, 2012
1 401 F.2d 833 (2d Cir. 1968), cert. denied, 394 U.S. 976 (1969). Case 3:12-cv-00188-SRU Document 41 Filed 06/05/12 Page 7 of 21 - 3 - FACTUAL BACKGROUND On or about December 17, 2010, OFC commenced the Tender Offer with the stated purpose of acquiring 10 million shares of Xcelera common stock for $0.25 per share.
Filed April 4, 2008
Corp., 648 F.2d 88, 94 (2d Cir. 1981) (citing SEC v. Texas Gulf Sulphur Co., 401 F.2d 833, 848 (2d Cir. 1968) (en banc), cert. denied, 394 U.S. 976 (1969)) (noting that corporate insiders have a duty to disclose material, nonpublic information or abstain from trading in the securities during the time period that the material information remains undisclosed, i.e., the “disclose or abstain” rule). A plain reading of the statute and the Complaint reveals that Plaintiff Boyers’ Section 20A claims against Defendants Cassidy, Nordlicht, and O’Connor are adequately pleaded.