[Download] "California Public Employees Retirement System v. Chubb Corporation" by In the United States Court of Appeals for the Seventh Circuit " Book PDF Kindle ePub Free
eBook details
- Title: California Public Employees Retirement System v. Chubb Corporation
- Author : In the United States Court of Appeals for the Seventh Circuit
- Release Date : January 30, 2004
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 118 KB
Description
This is a securities class action lawsuit brought on behalf of shareholders of the Chubb Corporation ("Chubb") against Chubb, Executive Risk, Inc. ("Executive Risk"), and several Chubb and Executive Risk officers. Plaintiffs aver that Defendants defrauded investors by artificially inflating the value of Chubbs common stock through accounting manipulations and false statements designed to effectuate a stock-for-stock merger between Chubb and Executive Risk, and avoid an alleged hostile takeover attempt. The District Court granted Defendants motion to dismiss Plaintiffs Second Amended Complaint pursuant to Fed. R. Civ. P. 12(b)(6), the Private Securities Litigation Reform Act ("PSLRA"), 15 U.S.C. §Â§ 78u-4 et seq., and Fed. R. Civ. P. 9(b), and denied Plaintiffs leave to file a Third Amended Complaint. We will affirm.