No. 18-459

Emulex Corporation, et al. v. Gary Varjabedian, et al.

Lower Court: Ninth Circuit
Docketed: 2018-10-11
Status: Judgment Issued
Type: Paid
Amici (11) Experienced Counsel
Tags: circuit-split misstatement-omission negligent-misstatement ninth-circuit private-right-of-action section-14(e) securities-exchange-act securities-exchange-act-1934 securities-law tender-offer
Key Terms:
Securities ClassAction JusticiabilityDoctri
Latest Conference: 2019-01-04
Question Presented (AI Summary)

Whether Section 14(e) of the Securities Exchange Act of 1934 supports an inferred private right of action based on a negligent misstatement or omission made in connection with a tender offer

Question Presented (OCR Extract)

QUESTION PRESENTED Whether the Ninth Circuit correctly held, in express disagreement with five other courts of appeals, that Section 14(e) of the Securities Exchange Act of 1934 supports an inferred private right of action based on a negligent misstatement or omission made in connection with a tender offer.

Docket Entries

2019-05-28
JUDGMENT ISSUED.
2019-04-23
Writ of certiorari DISMISSED as improvidently granted. <a href = 'https://www.supremecourt.gov/opinions/18pdf/18-459_4hdj.pdf'>Opinion</a> per curiam.
2019-04-15
Argued. For petitioners: Gregory G. Garre, Bethesda, Md. For United States, as amicus curiae: Morgan L. Ratner, Assistant to the Solicitor General, Department of Justice, Washington, D. C. For respondents: Daniel L. Geyser, Dallas, Tex.
2019-04-08
Reply of petitioners Emulex Corporation, et al. filed. (Distributed)
2019-04-01
Motion of the Solicitor General for leave to participate in oral argument as amicus curiae and for divided argument GRANTED.
2019-03-28
Brief amici curiae of Legal Scholars filed. (Distributed)
2019-03-28
Brief amici curiae of Institutional Investors filed. (Distributed)
2019-03-28
Brief amicus curiae of North American Securities Administrators Association, Inc. filed. (Distributed)
2019-03-22
Motion of the Solicitor General for leave to participate in oral argument as amicus curiae and for divided argument filed.
2019-03-21
Brief of respondents Gary Varjabedian, et al. filed. (Distributed)
2019-03-21
Record requested from the U.S.C.A. 9th Circuit.
2019-03-20
CIRCULATED
2019-02-26
Brief amicus curiae of Securities Industry and Financial Markets Association filed.
2019-02-26
Brief amicus curiae of Phillip Goldstein filed.
2019-02-26
Brief amicus curiae of Washington Legal Foundation filed.
2019-02-26
Brief amicus curiae of United States in support of neither party filed.
2019-02-26
Brief amici curiae of Chamber of Commerce of the United States of America and Business Roundtable filed.
2019-02-25
Brief amici curiae of Former Commissioners of the Securities and Exchange Commission filed.
2019-02-19
Brief of petitioners Emulex Corporation, et al. filed.
2019-02-19
Joint appendix (2 volumes) filed. (Statement of costs filed)
2019-02-11
SET FOR ARGUMENT on Monday, April 15, 2019
2019-02-06
Blanket Consent filed by Respondents, Gary Varjabedian, et al.
2019-01-04
Petition GRANTED.
2018-12-19
DISTRIBUTED for Conference of 1/4/2019.
2018-12-18
Reply of petitioners Emulex Corporation, et al. filed.
2018-11-30
Brief of respondents Gary Varjabedian, et al. in opposition filed.
2018-11-13
Brief amicus curiae of Chamber of Commerce of the United States of America filed.
2018-11-13
Brief amicus curiae of Securities Industry and Financial Markets Association filed.
2018-10-18
Motion to extend the time to file a response is granted and the time is extended to and including November 30, 2018.
2018-10-16
Motion to extend the time to file a response from November 13, 2018 to November 30, 2018, submitted to The Clerk.
2018-10-11
Petition for a writ of certiorari filed. (Response due November 13, 2018)

Attorneys

Chamber of Commerce of the United States of America
George Thomas Conway IIIWachtell, Lipton, Rosen & Katz, Amicus
George Thomas Conway IIIWachtell, Lipton, Rosen & Katz, Amicus
Emulex Corporation, et al.
Gregory George GarreLatham & Watkins LLP, Petitioner
Gregory George GarreLatham & Watkins LLP, Petitioner
Former Commissioners of the Securities and Exchange Commission
Jonathan L. MarcusSkadden, Arps, Slate, Meagher & Flom, LLP, Amicus
Jonathan L. MarcusSkadden, Arps, Slate, Meagher & Flom, LLP, Amicus
Gary Varjabedian, et al.
Daniel L. GeyserGeyser P.C., Respondent
Daniel L. GeyserGeyser P.C., Respondent
Institutional Investors
Kevin K. RussellGoldstein and Russell, P.C., Amicus
Kevin K. RussellGoldstein and Russell, P.C., Amicus
Legal Scholars
Marc Ian Gross — Amicus
Marc Ian Gross — Amicus
North American Securities Administrators Association
Ruthanne Mary DeutschDeutsch Hunt, PLLC, Amicus
Ruthanne Mary DeutschDeutsch Hunt, PLLC, Amicus
Phillip Goldstein
Alan E. GolombAttorney And Counsellor At Law, Amicus
Alan E. GolombAttorney And Counsellor At Law, Amicus
Securities Industry and Financial Markets Association
Marc J. GottridgeHogan Lovells US, LLP, Amicus
Marc J. GottridgeHogan Lovells US, LLP, Amicus
UNITED STATES
Noel John FranciscoJones Day, Amicus
Noel John FranciscoJones Day, Amicus
Washington Legal Foundation
Lyle RobertsShearman & Sterling LLP, Amicus
Lyle RobertsShearman & Sterling LLP, Amicus