Edward J. Goodman Life Income Trust v. Jabil Circuit, Inc.

How courts have described this case

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

• explaining that the election of directors only indirectly caused the shareholders’ loss where the subject matter of the lawsuit concerned the directors’ actions after election
• noting that the bespeaks caution doctrine is the “equivalent” of the subsection (A)(i) safe harbor and that, under that doctrine, “a forward-looking statement is rendered immaterial as a matter of law when accompanied by meaningful cautionary language”
• following Cathcart and dismissing proxy solicitation claims because “the damages suffered by the shareholders were caused not by the policies that they approved via proxy, but by management’s failure to follow those policies”
• “[A]ctual knowledge of falsity will not deprive a defendant of protection by the statutory safe harbor if his forward-looking statements are accompanied by meaningful cautionary language.”
• “[A]n allegation of actual knowledge of falsity will not deprive a defendant of protection by the statutory safe harbor if his forward-looking statements are accompanied by meaningful cautionary language.”
• “Because we agree with the district court’s conclusion about the insufficient inference of scienter raised by the complaint, we need not address its conclusion on loss causation.”

Source: CourtListener parenthetical corpus (CC0).