Aaron Gonzales v. State

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that a misstatement must be “publicly known” in order to trigger the presumption of reliance
• explaining that where a purported class alleges actual reliance on the defendant's misrepresentation, it \dooms the predominance of class-wide issues under [Federal Rule of Civil Procedure] 23(b)(3) and defeats class certification\
• correctly requiring the District Court to con- sider Goldman’s price impact evidence notwithstanding overlap with ma- teriality
• “A ‘corrective disclosure’ is an announcement or series of announcements that reveals to the market the falsity of a prior statement.” (citing Lentell, 396 F.3d at 175 n.4)
• in securities fraud, defendant can rebut presumption of reliance by a preponderance
• “Because the Basic presumption is a substantive doctrine of federal law that derives from the securities fraud statutes, [Waggoner] determined it altered the default rule and imposed a burden of persuasion on defendants seeking to rebut it.”

Source: CourtListener parenthetical corpus (CC0).