Examples of Federal Securities Action in a sentence
At a minimum, sensible coordination with the Federal Securities Action is warranted.
Neither of the stockholders in the Federal Securities Action are parties to this case.
The two actions were consolidated, resulting in the Federal Securities Action.
As in Kohls, the defendants have not pointed to any affirmative conduct by the present plaintiffs that caused the defendants to refrain from taking action to bind the present plaintiffs to a judgment in the Federal Securities Action.The Federal Securities Action does not have prelusive effect for another reason as well.
Neither of the plaintiffs in this case were parties to the Federal Securities Action.
Information uncovered in the Appraisal Proceeding also prompted a fourth set of stockholders to attempt to assert federal securities claims, resulting in the Federal Securities Action.
In the Federal Securities Action, the federal plaintiffs contended that the Proxy contained material misstatements and omissions in violation of Section 14(a) of the Securities Exchange Act of 1934 and SEC Rule 14a-9.
Because this decision discusses those rulings at length elsewhere, it passes over them here.The plaintiffs in the Federal Securities Action did not appeal, and the Federal Securities Decision became final.
The Federal Securities Action never was certified for class treatment.As with the Appraisal Decision, the second exception could apply only if a named plaintiff in the Federal Securities Action and the plaintiffs here had a pre-existing legal relationship, separate from the prior litigation, that was sufficient to bind the plaintiffs to the judgment.
The plaintiffs were not parties to the Federal Securities Action, so issue preclusion does not apply unless the defendants can demonstrate that the plaintiffs fall into one of the exceptions to the general rule.As with the Appraisal Decision, the first exception could apply only if the Federal Securities Action had been properly certified as a class action.