Sirota v. Solitron Devices, Inc.

U.S. Court of Appeals, Second Circuit · Decided 1982-02-19

Cited by 257 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

OAKES, Circuit Judge: This securities class action was tried on the theory that Solitron Devices, Inc. (Solitron), and certain of its officers, aided and abetted by its accountants, Louis Sternbach Co. (Sternbach), intentionally issued annual reports and financial statements containing materially false misrepresentations of the company’s sales, income, and inventories. The plaintiff class, purchasers of Solitron shares o…

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