Freudenberg v. E Trade Financial Corp.

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 large write off combined with insider stock sales, among other things, was sufficient to establish scienter
• holding that plaintiff is still required to specify which statements were fraudulent; identify the speaker; state where and when the statements were made; and explain why the statements were fraudulent
• holding that scienter was plausibly alleged where CFO made assurances to investors despite receiving direct reports and attending a meeting where he would have received facts to the contrary
• noting that loss causation may exist when “ ‘truth’ about the company’s underlying condition, when revealed, causes the ‘economic loss’ ”
• discussing that the relevant truth required under Dura is not that a fraud was committed per se, but that the truth about the company's underlying condition, when revealed, causes the economic loss
• finding scienter adequately pled when confidential witnesses \had first-hand interactions with the defendants\ including reporting of specific risks

Source: CourtListener parenthetical corpus (CC0).

Cited by

46 cases in this archive cite this case; the 20 most cited are listed.

• Oregon Public Employees Retirement Fund v. Apollo Group Inc.
  Ninth Circuit· 2014-12-16· cited 180×
• In re Lululemon Securities Litigation
  S.D. New York· 2014-04-18· cited 106×
• Glaser v. The9, Ltd.
  S.D. New York· 2011-03-28· cited 70×
• Strougo v. Barclays PLC
  S.D. New York· 2015-04-24· cited 69×
• Doubleline Capital LP v. Odebrecht Fin., Ltd.
  S.D. Illinois· 2018-08-08· cited 64×
• DeAngelis v. Corzine
  S.D. New York· 2013-11-12· cited 61×
• In re Gentiva Securities Litigation
  E.D. New York· 2013-03-25· cited 55×
• Richman v. Goldman Sachs Group, Inc.
  S.D. New York· 2012-06-21· cited 51×
• Christopher Brophy v. Jiangbo Pharmaceuticals, Inc.
  Eleventh Circuit· 2015-03-25· cited 44×
• In re Facebook, Inc., IPO Securities & Derivative Litigation
  S.D. New York· 2013-12-12· cited 43×
• In re Bioscrip, Inc. Securities Litigation
  S.D. New York· 2015-03-31· cited 41×
• Ho v. Duoyuan Global Water, Inc.
  S.D. New York· 2012-08-24· cited 40×
• City of Austin Police Retirement System v. Kinross Gold Corp.
  S.D. New York· 2013-03-22· cited 39×
• In re Investment Technology Group, Inc. Securities Litigation
  S.D. New York· 2017-04-26· cited 31×
• In re General Electric Co. Securities Litigation
  S.D. New York· 2012-01-11· cited 31×
• Lipow v. Net1 UEPS Technologies, Inc.
  S.D. New York· 2015-09-16· cited 29×
• Ong v. Chipotle Mexican Grill, Inc.
  S.D. Illinois· 2018-03-22· cited 27×
• Plumbers & Pipefitters National Pension Fund v. Orthofix International N.V.
  S.D. New York· 2015-03-06· cited 26×
• In re Virtus Investment Partners, Inc. Securities Litigation
  S.D. New York· 2016-07-01· cited 26×
• In re Aratana Therapeutics Inc. Sec. Litig.
  S.D. Illinois· 2018-06-11· cited 23×

Cites

87 cases in this archive are cited by this case; the 20 most cited are listed.

• Ashcroft v. Iqbal
  Supreme Court· 2009-05-18· cited 149,772×
• Bell Atlantic Corp. v. Twombly
  Supreme Court· 2007-05-21· cited 146,720×
• Tellabs, Inc. v. Makor Issues & Rights, Ltd.
  Supreme Court· 2007-06-21· cited 6,044×
• Skidmore v. Swift & Co.
  Supreme Court· 1944-12-04· cited 4,567×
• Basic Inc. v. Levinson
  Supreme Court· 1988-03-07· cited 3,007×
• Dura Pharmaceuticals, Inc. v. Broudo
  Supreme Court· 2005-04-19· cited 2,236×
• County of Riverside v. McLaughlin
  Supreme Court· 1991-05-20· cited 1,546×
• Santa Fe Industries, Inc. v. Green
  Supreme Court· 1977-03-23· cited 1,218×
• Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. Brennan
  First Circuit· 1996-12-10· cited 896×
• Rothman v. Gregor
  Second Circuit· 2000-07-11· cited 778×
• Virginia Bankshares, Inc. v. Sandberg
  Supreme Court· 1991-06-27· cited 584×
• Novak v. Kasaks
  Second Circuit· 2000-06-21· cited 579×
• Metzler Investment GMBH v. Corinthian Colleges, Inc.
  Ninth Circuit· 2008-08-26· cited 568×
• San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.
  Second Circuit· 1996-01-25· cited 563×
• Rombach v. Chang
  Second Circuit· 2004-01-20· cited 494×
• Fed. Sec. L. Rep. P 98,697 John P. Decker v. Massey-Ferguson, Limited
  Second Circuit· 1982-06-03· cited 438×
• In Re: Scholastic Corporation Securities Litigation
  Second Circuit· 2001-06-01· cited 332×
• Emergent Capital Investment Management, LLC v. Stonepath Group, Inc., Previously Known as Net Value Holdings, Inc., Andrew Panzo and Lee Hansen
  Second Circuit· 2003-09-04· cited 326×
• Joan C. Howard v. Everex Systems, Inc., Steven L.W. Hui Michael C.Y. Wong Wong's International (Holdings) Limited Gatcombe Corp. N.V.
  Ninth Circuit· 2000-09-29· cited 307×
• Makor Issues & Rights, Ltd. v. Tellabs Inc.
  Seventh Circuit· 2008-01-17· cited 257×