Hill v. Gozani

How courts have described this case

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

• “questionable”—and even “illegal”—business practices are not equivalent to allegations that “the principals were engaged in a comprehensive scheme to disguise negative information ‘to keep the house of cards standing’”
• “The omission of a known risk, its probability of materialization, and its anticipated magnitude, are usually material to any disclosure discussing the prospective result from a future course of action.”
• “[I]nfor-mation is material only if its disclosure would alter the total mix of facts available to the investor and if there is a substantial likelihood that a reasonable shareholder would consider it important to the investment decision.”

Source: CourtListener parenthetical corpus (CC0).