Caiafa v. Sea Containers Ltd.

How courts have described this case

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

• holding that Section 11 plaintiffs “are not required to explain how their shares can be traced”
• granting motion to dismiss because complaint failed to plead how a failure to earlier incur a $500 million impairment charge was fraudulent
• “The pleading requirement for Section 11 standing is satisfied by ‘general allegations that plaintiff purchased pursuant to or traceable to [a] false registration statement.”

Source: CourtListener parenthetical corpus (CC0).