In Re CINAR Corp. Securities Litigation

How courts have described this case

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

• merely alleging that an outside director signed allegedly fraudulent SEC filings is insufficient to plead culpable participation
• “It is well accepted that merely alleging that a particular defendant is a director or an officer of a company is not sufficient to allege control.”
• “a plaintiff must specifically disclaim reliance on a particular oral representation in order to preclude a claim of fraud in the inducement based on that representation; a general merger clause alone is insufficient.”

Source: CourtListener parenthetical corpus (CC0).