In Re Blech Securities Litigation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that while the fraud-on-the-market theory is not available for common law fraud claims based upon misrepresentations or omissions, the theory is available for fraud claims based upon market manipulation
• holding viable claim stated against broker who allegedly instigated unlawful trading, “conceived of and participated in the initiation and clearing of sham transactions,” and “contrived and funded” those transactions
• stating that defendant must possess actual control over the transactions in question
• finding complaint against clearing firm viable where plaintiffs alleged that Bear engaged in activities that did not “reflect ... the standard practice of [a] clearing broker.”
• granting motion to dismiss Section 20(a) claim against clearing broker where plaintiffs did not allege that clearing broker had “actual control” over introducing broker
• distinguishing between a clearing bro ker’s routine clearing transactions and its direction or contrivance of allegedly fraudulent trades and finding that the latter, but not the former, are manipulative acts

Source: CourtListener parenthetical corpus (CC0).

Cited by

49 cases in this archive cite this case; the 20 most cited are listed.

• ATSI Communications, Inc. v. Shaar Fund, Ltd.
  Second Circuit· 2007-07-11· cited 2,369×
• In Re Initial Public Offering Securities Litigation
  S.D. New York· 2003-02-19· cited 193×
• In Re Alstom SA Securities Litigation
  S.D. New York· 2005-12-22· cited 150×
• In Re Global Crossing, Ltd. Securities Litigation
  S.D. New York· 2004-03-23· cited 116×
• In Re Parmalat Securities Litigation
  S.D. New York· 2005-06-28· cited 107×
• In Re Livent, Inc. Securities Litigation
  S.D. New York· 1999-12-10· cited 71×
• Levitt v. J.P. Morgan Securities, Inc.
  Second Circuit· 2013-03-15· cited 70×
• Desai v. Deutsche Bank Securities Ltd.
  Ninth Circuit· 2009-07-29· cited 63×
• Dietrich v. Bauer
  S.D. New York· 1999-03-04· cited 62×
• In Re Sumitomo Copper Litigation
  S.D. New York· 1998-03-11· cited 56×
• Ellison v. American Image Motor Co.
  S.D. New York· 1999-02-19· cited 50×
• In Re Royal Ahold N v. Securities & Erisa Litigation
  D. Maryland· 2004-12-21· cited 48×
• In Re Mutual Funds Investment Litigation
  D. Maryland· 2005-08-25· cited 47×
• Sumitomo Copper Litigation v. Credit Lyonnais Rouse, Ltd.
  Second Circuit· 2001-08-15· cited 46×
• In Re CINAR Corp. Securities Litigation
  E.D. New York· 2002-03-05· cited 44×
• In re Blech Securities Litigation
  S.D. New York· 1999-05-11· cited 43×
• In re Bioscrip, Inc. Securities Litigation
  S.D. New York· 2015-03-31· cited 41×
• Ho v. Duoyuan Global Water, Inc.
  S.D. New York· 2012-08-24· cited 40×
• In Re Sterling Foster & Co., Inc., Securities Lit.
  E.D. New York· 2002-06-27· cited 39×
• In Re Flag Telecom Holdings, Ltd. Securities Litigation
  S.D. New York· 2005-01-12· cited 38×

Cites

27 cases in this archive are cited by this case; the 20 most cited are listed.

• Ernst & Ernst v. Hochfelder
  Supreme Court· 1976-05-19· cited 3,533×
• Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.
  Supreme Court· 1994-04-19· cited 1,685×
• Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin Engelman
  Second Circuit· 1994-06-02· cited 1,243×
• Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. Brennan
  First Circuit· 1996-12-10· cited 896×
• Mills v. Polar Molecular Corp.
  Second Circuit· 1993-12-17· cited 848×
• Michael E. Moss v. Morgan Stanley Inc., E. Jacques Courtois, Jr., Adrian Antoniu, and James M. Newman, Morgan Stanley Inc. And James M. Newman
  Second Circuit· 1983-09-09· cited 535×
• IUE AFL-CIO Pension Fund v. Herrmann
  Second Circuit· 1993-11-19· cited 531×
• Richard D. BENNETT and Carole A. Bennett, Plaintiffs-Appellants, v. UNITED STATES TRUST COMPANY OF NEW YORK, Defendant-Appellee
  Second Circuit· 1985-08-09· cited 318×
• Fed. Sec. L. Rep. P 91,922 James Bloor v. Carro, Spanbock, Londin, Rodman & Fass
  Second Circuit· 1985-01-21· cited 289×
• Banque Arabe et Internationale D'Investissement v. Maryland National Bank
  Second Circuit· 1995-05-11· cited 284×
• Hernandez v. Coughlin
  Second Circuit· 1994-03-03· cited 142×
• In Re American Express Company Shareholder Litigation
  Second Circuit· 1994-11-01· cited 138×
• Azrielli v. Cohen Law Offices
  Second Circuit· 1994-04-06· cited 91×
• Ross v. Bolton
  Second Circuit· 1990-05-30· cited 63×
• Three Crown Ltd. Partnership v. Caxton Corp.
  S.D. New York· 1993-02-18· cited 52×
• Banque Arabe Et Internationale D'Investissement v. Maryland National Bank
  S.D. New York· 1994-05-04· cited 51×
• In Re Blech Securities Litigation
  S.D. New York· 1996-06-06· cited 47×
• Breard v. Sachnoff & Weaver, Ltd.
  Second Circuit· 1991-08-12· cited 43×
• Red Ball Interior Demolition Corp. v. Palmadessa
  S.D. New York· 1995-01-17· cited 40×
• Connolly v. Havens
  S.D. New York· 1991-04-23· cited 33×

Other cases named In Re Blech Securities Litigation

2 other CourtListener records share this case name.

• In Re Blech Securities Litigation
  S.D. New York· 1996-06-06· cited 47×
• In re Blech Securities Litigation
  S.D. New York· 1999-05-11· cited 43×