STEGINSKY v. XCELERA INC.

Nos. 13-1327-cv, 13-1892-cv.

741 F.3d 365 (2014)

Gloria STEGINSKY, Plaintiff-Appellant-Cross-Appellee, v. XCELERA INC., VBI Corporation, Alexander M. Vik, Gustav M. Vik, Defendants-Appellees-Cross-Appellants, Hans Eirik Olav, Ofc Ltd., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: January 27, 2014.


Attorney(s) appearing for the Case

Jeffrey S. Abraham ( Philip T. Taylor , on the brief), Abraham, Fruchter & Twersky, LLP, New York, NY, for Plaintiff-Appellant-Cross-Appellee.

Peter J. Macdonald ( David F. Olsky , Jacob Press , Wilmer Cutler Pickering Hale and Dorr LLP, and Charles W. Pieterse , Whitman Breed Abbott & Morgan LLC, on the brief), Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, for Defendants-Appellees-Cross-Appellants.

Before: WALKER, CABRANES, and PARKER, Circuit Judges.


JOHN M. WALKER, JR., Circuit Judge:

Plaintiff Gloria Steginsky, a former minority shareholder of Xcelera Inc., appeals the dismissal of her securities fraud claims by the United States District Court for the District of Connecticut (Stefan R. Underhill, District Judge). Her complaint alleged that Xcelera insiders purchased Xcelera stock by making a tender offer through a shell corporation without disclosing any information about Xcelera's financial state. We...

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