Commercial Bank & Trust Co. v. Kattar

How courts have described this case

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

• plaintiffs' continued purchase of stock “raises questions concerning the materiality to them of the market’s integrity and defendants’ alleged misrepresentations”
• this court refused to certify class where plaintiffs relied on a recommendation from their brother a professional investor
• evidence of unique defense, while insufficient to compel summary judgment for defendants, was sufficient to vitiate typicality of named plaintiffs’ claims
• plaintiff failed to meet with attorney until months into litigation and lacked knowledge about facts in complaint
• named plaintiff’s possible reliance on another’s expertise and circumstances surrounding additional purchase raised issues “qualitatively different from [those] of individual reliance inherent in a fraud on the market suit.”
• disclosure of previously concealed documents April, 1974; last purchase the following month

Source: CourtListener parenthetical corpus (CC0).