In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald Abramoff

U.S. Court of Appeals, Third Circuit · Decided 1997-06-10

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OPINION OF THE COURT ALITO, Circuit Judge. Burlington Coat Factory Warehouse Corporation (“BCF ”), a Delaware corporation based in New Jersey, announced its fourth quarter and full fiscal year results for 1994 on September 20, 1994. The results were below the investment community’s expectations, and BCF’s common stock fell sharply, losing approximately 3…

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