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LEVINE v. NL INDUSTRIES, INC.

No. 717, Docket 89-7949.

926 F.2d 199 (1991)

Morton LEVINE, suing individually and on behalf of all other shareholders of NL Industries, Inc. similarly situated, Plaintiff-Appellant, v. NL INDUSTRIES, INC., Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided February 15, 1991.

Attorney(s) appearing for the Case

Rachell Sirota, New York City (Howard B. Sirota, Rabin & Sirota, New York City, of counsel), for plaintiff-appellant.

Stewart D. Aaron, New York City (Richard L. Bond, Stephen B. Camhi, Robert G. Manson, Dorsey & Whitney, New York City, of counsel), for defendant-appellee.

Before LUMBARD, FEINBERG and MAHONEY, Circuit Judges.

MAHONEY, Circuit Judge:

This is a class action brought pursuant to section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), 15 U.S.C. § 78j(b)(1988), and Securities and Exchange Commission rule 10b-5, 17 C.F.R. § 240.10b-5 (1990), promulgated thereunder. Appellant Morton Levine claims that defendant NL Industries, Inc. ("NL") should have disclosed that its wholly-owned subsidiary, NLO, Inc. ("NLO"), was operating a uranium processing center...

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