Federal Case

How courts have described this case

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

• concluding that the auditor was culpable, even if it did not intend to defraud investors, where it knew of the company’s accounting abuses but nonetheless “forged ahead” with issuing unqualified opinions
• finding that plaintiffs were \known parties\ where defendants \knew what the [documents] were for and . . . knew for whom [they] were intended\
• concluding, after discussing Marbury Management and case law in the Circuit subsequent to it, that “[l]oss causation is a separate element from transaction causation, and, in situations such as the instant one, loss causation cannot be collapsed with transaction causation”
• remanding dismissal of securities action for reconsideration of loss causation in terms of foreseeability that defendant’s conduct would have caused alleged economic harm
• remanding dismissal of securities action for reconsideration of loss causation in terms of foreseeability that defendant's conduct would have caused alleged economic harm
• remanding dismissal of securities action for reconsideration of loss causation in terms of foreseeability that defendant's conduct would have caused alleged economic harm

Source: CourtListener parenthetical corpus (CC0).