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S.D. New York· 1/14/1981

Kline v. Wolf

Citations

  • 88 F.R.D. 696
  • 31 Fed. R. Serv. 2d 354
  • 1981 U.S. Dist. LEXIS 10307

How courts have described this case

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

  • holding that question as to whether plaintiffs relied on company’s financial reports or market integrity “afford[s] defendants the opportunity to raise unique defenses, [and] unduly burdens the class by rendering plaintiffs’ claims atypical of the claims of all class members”
  • class representative serves as fiduciary to advance and protect interests of those whom he purports to represent
  • refusal to answer relevant questions as to whether plaintiff would have purchased shares had she known of information contained in Annual Report
  • one plaintiff who relied solely on husband’s recommendation and another who was a speculative trader
  • typicality not met where class representative in fraud on the market case is subject to defense that he did not rely on allegedly misleading financial statement

Source: CourtListener parenthetical corpus (CC0).

Judges: Weinfeld

Read full opinion on CourtListener

Cited by

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

Cites

13 cases in this archive are cited by this case.

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