Brian Asher v. Baxter International Incorporated

How courts have described this case

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

• “tak[ing] the claim as the pleadings framed it: the market for [the company’s] stock is efficient, which means that [the company’s] cautionary language must be treated as if attached to every one of its oral and written statements”
• “An investor who invokes the fraud-on-the-market theory must acknowledge that all public information is reflected in the price____”
• “When markets are informationally efficient, it is impossible to segment information as plaintiffs propose. They ask us to say that they received (through the price
• “the statute calls for issuers to reveal the ‘important factors,” not “to reveal in detail what could go wrong.”
• “[T]the truth was bound to come out quickly, but the securities laws forbid foolish frauds along with clever ones.”
• “The PSLRA does not require the most helpful caution; it is enough to ‘identify important factors that could cause actual results to differ materially from those in the forward-looking statement.’ ”

Source: CourtListener parenthetical corpus (CC0).