No. 24A1244

Shanda Games Limited, et al. v. David Monk

Lower Court: Second Circuit
Docketed: 2025-06-17
Status: Presumed Complete
Type: A
Tags: efficient-market fraud-on-the-market merger-transaction proxy-statement securities-fraud shareholder-rights
Latest Conference: N/A
Question Presented (from Petition)

Question not identified.

Question Presented (AI Summary)

Whether the fraud-on-the-market presumption established in Basic Inc. v. Levinson applies to minority shareholders in a freeze-out merger who did not actively trade shares at market price but were subject to a merger transaction

Docket Entries

2025-06-23
Application (24A1244) granted by Justice Sotomayor extending the time to file until September 22, 2025.
2025-06-12
Application (24A1244) to extend the time to file a petition for a writ of certiorari from July 24, 2025 to September 22, 2025, submitted to Justice Sotomayor.

Attorneys

Shanda Games Limited, et al.
Abby Faith RudzinO'Melveny & Myers LLP, Petitioner