Deephaven Private Placement Trading, Ltd. v. Grant Thornton & Co.

How courts have described this case

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

• suggesting that “[t]he state of mind with which the defendant acted” is relevant to a Section 18(a) claim, but that it “enters the case as a defense”
• suggesting that “[t]he state of mind with which the defendant acted” is relevant to a Section 18(a) claim, but that it “enters the case as a defense”
• explaining that “the phrase ‘in our opinion’ indicates that there may be some information risk associated with the [reviewed] financial statements, even though the statements have been audited”
• “[T]he district court erred in holding that a claim under Section 18(a) requires [a plaintiff] to plead scienter.”
• “[T]he district court erred in holding that a claim under Section 18(a) requires [a plaintiff] to plead scienter.”
• auditor does not \guarantee\ or \insure\ accuracy of audited financial statements

Source: CourtListener parenthetical corpus (CC0).