Bodden v. Coordinated Caribbean Transport, Inc.

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 ascertainability requirement was “easily met in the context of securities litigation where the list of shareholders is readily obtainable”
• concluding that an alleged misstatement in a Form 10-K’s unqualified audit letter “implicate[d] the same set of concerns for all investors in [the defendant’s] securities, including stocks and bonds, because of their common concern for the company’s financial health”
• finding that six large banks acting as market makers was sufficient evidence of market efficiency
• finding that two out of five days in an informal analysis of price reactions to news events was sufficient
• finding that “at least three analysts” reporting on the company’s bonds and “numerous analysts” following the company’s stock during the class period weighed in favor of market efficiency
• finding that where the “total par value of all three Winstar bonds was $1.88 billion,” “[t]he sufficiently large issue size [was] consistent with a more liquid and efficient market”

Source: CourtListener parenthetical corpus (CC0).