City of Dearborn Heights Act 345 Police & Fire Retirement System v. Waters Corp.

How courts have described this case

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

• holding that insider’s sale of 4.82% of shares did not raise a strong inference of scienter
• holding that insider’s sale of 4,82% of shares did not raise a strong inference of scienter
• holding that marginal materiality undercuts the existence of “the requisite intent or extreme recklessness” for scienter
• noting that a court can \consider[] both shares and vested stock options in determining the significance of a sale\ (citation omitted)
• noting that a court can \consider[] both shares and vested stock options in determining the significance of a sale\ (citation omitted)
• affirming dismissal of complaint even though plaintiffs had reason to be “suspicious” of defendant’s decision not to make certain disclosures

Source: CourtListener parenthetical corpus (CC0).