Cohen v. Stevanovich

How courts have described this case

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

• holding that a “general allegation that naked short selling resulted in the creation of ‘phantom shares’ is insufficient” while noting that the SEC has stated that naked short selling does not affect the number of shares outstanding
• finding insufficient allegations that defendants “profited from naked short selling” without identifying “any supposedly manipulative naked short sale” by any defendant
• “Where any plaintiff is a citizen of the same state as any defendant, diversity jurisdiction is defeated.”
• “Where any plaintiff is a citizen of the same state as any defendant, diversity jurisdiction is defeated.”
• courts have \repeatedly rejected\ \ generalized profit-seeking motives\ in pleading scienter

Source: CourtListener parenthetical corpus (CC0).