Hurley v. Federal Deposit Ins. Corp.

How courts have described this case

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

• speculating that “if the Supreme Judicial Court were faced with the question, it would recognize the fraud on the market theory as a substitute for pleading reliance where a company’s stock is traded in an efficient market”
• principles underlying theory are equally valid with respect to over-the-counter transactions so long as they are efficient
• “Where the stock is traded is not the crucial issue. The important question is whether the stock is traded in a market that is efficient ...”
• complaint alleging that bank issued approximately 5 million shares of stock, that the stock was actively traded with a volume of more than 19.3 million shares traded during the class period sufficed to invoke fraud on the market theory
• \Where the stock is traded is not the crucial issue. The important question is whether the stock is traded in a market that is efficient - one that obtains material information about a company and accurately reflects that information in the price of the stock.\

Source: CourtListener parenthetical corpus (CC0).