Fed. Sec. L. Rep. P 93,060 the Connecticut National Bank v. Fluor Corporation and Fluor Acquisition Corporation

How courts have described this case

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

• scienter inadequately pled where complaint \barren of any factual basis for [ ] conclusory allegations of scienter\ and \events alleged in the complaint give rise to an inference that [defendant] did not act fraudulently\
• Rule 9(b) dismissal upheld where allegations undercut inference of fraudulent intent
• “[t]he absence of a requirement that scienter be alleged with ‘great specificity’ ... does not mean ... that plaintiffs are relieved of their burden of pleading circumstances that provide at least a minimal factual basis for their conclusory allegations of scienter”
• section 14(e) requires scienter element

Source: CourtListener parenthetical corpus (CC0).