Hershfang v. Citicorp

How courts have described this case

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

• “Statements about future events that are plainly expressions of opinion and not guarantees are not actionable under the federal securities laws.”
• “The complaint as a whole alleges simply that defendants’ optimism about Citicorp’s prospects turned out wrong. Missing are any facts or identified circumstances that would generate an inference of guilty knowledge.”

Source: CourtListener parenthetical corpus (CC0).