In Re CIT Group, 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.

• revisions to amount of loan loss reserves that defendants earlier deemed adequate \provide[d] absolutely no reasonable basis\ to conclude \defendants did not think reserves were adequate at the time\ they made the alleged misstatements
• “That defendants later decided to revise the amount of loan loss reserves that it deemed adequate provides absolutely no reasonable basis for concluding that defendants did not think reserves were adequate at the time the registration statement and prospectus became effective.”

Source: CourtListener parenthetical corpus (CC0).