Emergent Capital Investment Management, LLC v. Stonepath Group, Inc., Previously Known as Net Value Holdings, Inc., Andrew Panzo and Lee Hansen

How courts have described this case

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

• holding that suffi- cient evidence of loss causation exists when the “content of the alleged misstatements or omissions,” caused the financial “harm actually suffered” by the plaintiffs (internal quotation marks omitted
• holding that sufficient evidence of loss causation exists when the “content of the alleged misstate- ments or omissions,” caused the financial “harm actually suffered” by the plaintiffs (internal quota- tion marks omitted
• holding \that a purchase-time loss allegation alone could [not] satisfy the loss causation pleading requirement\
• finding that sophistication of parties is factor in assessing reasonableness of plaintiffs reliance
• finding that plaintiff, a sophisticated investor, could not assert reliance on an oral representation when agreement subsequently executed by the parties lacked mention of the oral representation and included a standard merger clause
• reaffirming the “requirement that securities fraud plaintiffs demonstrate a causal connection between the content of the alleged misstatements or omissions and the harm actually suffered”

Source: CourtListener parenthetical corpus (CC0).