Erdman v. Louisville Trust Co.

How courts have described this case

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

• holding that plaintiffs securities fraud claim was not actionable as to defendant’s “statements regarding [its] optimism that its strategies would be successful”
• explaining that \the Second Circuit has repeatedly indicated that plaintiffs cannot simply assert that a statement is false-'they must demonstrate with specificity why ... that is so' \ (citation omitted) (alteration in original)
• incorporating by reference and considering transcripts of earnings and results conference calls where plaintiff heavily cited and quoted them throughout the complaint
• scienter in securities fraud case established based on evidence including circumstantial evidence of conscious misbehavior
• company had no duty to disclose plans to make certain purchases, even when those purchases presented a change in strategy, unless such disclosure was necessary to make prior statements not misleading
• company had no duty to disclose plans to make certain purchases, even when those purchases presented a change in strategy, unless such disclosure was necessary to make prior statements not misleading

Source: CourtListener parenthetical corpus (CC0).