Crowell v. Ionics, Inc.

How courts have described this case

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

• suggesting that an allegation that a specific defendant said “I want to go on the record stating it's not proper accounting—but it's nice to make money” during a specific meeting supported a strong inference of fraudulent intent
• distinguishing a case in which the plaintiff lacked standing because he purchased stock before any false or misleading statement was made
• finding a strong inference of scien-ter because, among other things, “[w]hat matters most to investors is income ..., and the restatement led to a downward revision of income” by 32.5%
• “The way in which the allegedly fraudulent acts fit together and reinforce one another strongly suggests a conscious course of conduct.”
• “The way in which the allegedly fraudulent acts [including fraudulent contract accounting and failure to maintain adequate internal controls] fit together and reinforce one another strongly suggests a conscious course of conduct.”

Source: CourtListener parenthetical corpus (CC0).