In Re American International Group, Inc. 2008 Securities Litigation

How courts have described this case

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

• defendants’ statements about company’s present reserves, risk valuations, losses, risk assessment abilities, and scope of investments in risky assets are not protected under safe harbor
• “With respect to the third element of control person liability under [s]ection 20(a), the pleading requirements for ‘culpable participation’ are satisfied by the same allegations that satisfy the scienter pleading requirements.”

Source: CourtListener parenthetical corpus (CC0).