Detroit General Retirement System v. Medtronic, Inc.

How courts have described this case

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

• dismissing securities-fraud lawsuit when accused statement “couches the information . . . as preliminary, and... ‘suggests.’ ...”
• “[P]uffing statements generally lack materiality because the market price of a share is not inflated by vague statements predicting growth. No reasonable investor would rely on these statements . . . .”
• affirming a dismissal where plaintiff had not alleged facts to support the inference that any particular individual defendant was aware of the information that allegedly should have been disclosed
• “A significant change in stock price upon disclosure of withheld information is strong evidence that the information was material.”
• statements were “so vague that an investor could not reasonably rely on them for any information related to the soundness of the investment”
• “[T]o aid and abet a felon in possession of a firearm, the defendant must-know or have reason to know that the individual is a felon at the time of the aiding and abetting ..., ”

Source: CourtListener parenthetical corpus (CC0).