Abu Dhabi Commercial Bank v. Morgan Stanley & Co.

How courts have described this case

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

• finding that plaintiff had established first element of third-party beneficiary claim on motion to dismiss even though complaint lacked “any facts regarding when these contracts were formed and their major terms[]”
• finding a ratings agency's fee arrangement to be a sufficient basis for inferring scienter
• finding knowledge of the fraud to be an element in a common law fraud claim
• dismissing third-party beneficiary claim where plaintiff alleged that defendants had entered into contract “for the purpose and intent to benefit directly the plaintiff”
• dismissing similar claim in part because of failure “to adequately plead any other primary violation against defendants or a non-party.”
• dismissing breach action where “plaintiffs fail[ed] to provide any facts about how this contract was formed, the date of formation, the consideration, or the contract's major terms”

Source: CourtListener parenthetical corpus (CC0).