In Re Atlas Air Worldwide Holdings, Inc. Securities Litigation

How courts have described this case

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

• finding inference of scienter where confidential sources with pertinent knowledge spoke to the allegations
• applying “core operations” inference where the concealed fraud was so large it required a $363 million earnings restatement, reduc ing the company’s retained earnings from $185 million to an accumulated deficit of $178 million, and contributing to the company’s bankruptcy
• “[A] plaintiff [asserting] that contradictory facts were available to the defendants when they made certain statements . . . [must] describe[] [those sources] adequately.”
• announcing a $363.8 million restatement followed by bankruptcy
• fraud concerned company’s only product

Source: CourtListener parenthetical corpus (CC0).