FindWhat Investor Group v. FindWhat. Com

How courts have described this case

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

• holding that a defendant’s alleged motive to meet Wall Street’s revenue expectations was insufficient to establish scienter
• holding that a statement is actionable when it could “mislead a reasonable investor into believing” an untrue fact
• holding that, to avoid being misleading, statements of fact “triggered a duty to disclose [any] grave defects that existed within the [relationship and services] [ ] voluntarily touted”
• ruling that plaintiff’s allegations are conclusory and plainly lack sufficient particularity to create a strong inference of scienter where plaintiff alleges it was “commonly known” that defendants engaged in irregularities
• explaining that \loss causation\ requires proof that the fraud is the \proximate cause of the plaintiff's later losses\
• stating that Defendants’ statements triggered a duty to disclose the grave defects that existed within the enforcement system they voluntarily touted

Source: CourtListener parenthetical corpus (CC0).