In Re Citigroup, 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 that plaintiff failed to state a Section 10(b) claim when it alleged that defendant \breached a duty to disclose that its revenues were 'unsustainable' \ because plaintiff pointed to \no projections or future predictions in the challenged disclosure documents\
• finding “Citigroup was not required to make disclosures predicting such litigation” and “litigation risks associated with its Enron-related, analysis/investment banking and reporting activities”
• dismissing a complaint based on plaintiff's failure to allege fraud in connection with the sale of issuer's own securities
• dismissing allegations defendants failed to adhere to risk management policies as mismanagement claims
• \[t]he securities laws were not designed to provide an umbrella cause of action for the review of management practices\
• “ ‘fraud by hindsight’ [is not] a viable basis upon which to challenge management practices that ultimately result in losses”

Source: CourtListener parenthetical corpus (CC0).

Cited by

37 cases in this archive cite this case; the 20 most cited are listed.

• In Re Alstom SA Securities Litigation
  S.D. New York· 2005-12-22· cited 150×
• Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLC
  S.D. New York· 2006-07-20· cited 110×
• In re Lululemon Securities Litigation
  S.D. New York· 2014-04-18· cited 106×
• In Re Marsh & McLennan Companies, Inc. Securities Litigation
  S.D. New York· 2006-07-20· cited 103×
• In Re JP Morgan Chase Securities Litigation
  S.D. New York· 2005-03-28· cited 97×
• In Re Take-Two Interactive Securities Litigation
  S.D. New York· 2008-04-16· cited 91×
• Freudenberg v. E Trade Financial Corp.
  S.D. New York· 2010-05-11· cited 85×
• In Re BISYS Securities Litigation
  S.D. New York· 2005-10-28· cited 83×
• Doubleline Capital LP v. Odebrecht Fin., Ltd.
  S.D. Illinois· 2018-08-08· cited 64×
• Lapin v. Goldman Sachs Group, Inc.
  S.D. New York· 2006-09-29· cited 61×
• In re Lions Gate Entertainment Corp. Securities Litigation
  S.D. New York· 2016-01-22· cited 60×
• In re Banco Bradesco S.A. Securities Litigation
  S.D. New York· 2017-09-29· cited 54×
• Richman v. Goldman Sachs Group, Inc.
  S.D. New York· 2012-06-21· cited 51×
• In Re FBR Inc. Securities Litigation
  S.D. New York· 2008-03-31· cited 47×
• In Re AstraZeneca Securities Litigation
  S.D. New York· 2008-06-03· cited 44×
• In Re American International Group, Inc. 2008 Securities Litigation
  S.D. New York· 2010-09-27· cited 39×
• Silsby v. Icahn
  S.D. New York· 2014-04-30· cited 34×
• In Re Pfizer Inc. Shareholder Derivative Litigation
  S.D. New York· 2010-07-13· cited 31×
• In re Investment Technology Group, Inc. Securities Litigation
  S.D. New York· 2017-04-26· cited 31×
• In Re Pfizer Inc. Securities Litigation
  S.D. New York· 2008-07-01· cited 30×

Cites

24 cases in this archive are cited by this case; the 20 most cited are listed.

• Conley v. Gibson
  Supreme Court· 1957-11-18· cited 30,380×
• Ernst & Ernst v. Hochfelder
  Supreme Court· 1976-05-19· cited 3,533×
• TSC Industries, Inc. v. Northway, Inc.
  Supreme Court· 1976-06-14· cited 2,447×
• Santa Fe Industries, Inc. v. Green
  Supreme Court· 1977-03-23· cited 1,218×
• Superintendent of Insurance of New York v. Bankers Life & Casualty Co.
  Supreme Court· 1971-11-08· cited 948×
• Mills v. Polar Molecular Corp.
  Second Circuit· 1993-12-17· cited 848×
• Novak v. Kasaks
  Second Circuit· 2000-06-21· cited 686×
• Acito v. IMCERA Group, Inc.
  Second Circuit· 1995-02-01· cited 639×
• San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.
  Second Circuit· 1996-01-25· cited 563×
• In Re Time Warner Inc. Securities Litigation
  Second Circuit· 1993-11-30· cited 541×
• Stanley Cohen, Gerald A. Garfinkle, Eastern Artists and Drafting Materials, Inc. v. Elliott Koenig, and Robert Koenig
  Second Circuit· 1994-06-20· cited 348×
• Kalnit v. Eichler
  Second Circuit· 2001-09-05· cited 348×
• Denny v. Barber
  Second Circuit· 1978-05-17· cited 302×
• In Re: Carter-Wallace, Inc. Securities Litigation
  Second Circuit· 2000-08-07· cited 180×
• Sims v. Artuz
  Second Circuit· 2000-10-11· cited 154×
• In Re Health Management, Inc. Securities Litigation
  E.D. New York· 1997-07-21· cited 91×
• Field v. Trump
  Second Circuit· 1988-06-30· cited 80×
• In Re Par Pharmaceutical, Inc. Securities Litigation
  S.D. New York· 1990-03-21· cited 69×
• In Re Keyspan Corp. Securities Litigation
  E.D. New York· 2003-03-21· cited 61×
• Ballan v. Wilfred American Educational Corp.
  E.D. New York· 1989-08-30· cited 43×

Other cases named In Re Citigroup, Inc. Securities Litigation

4 other CourtListener records share this case name.

• In Re Citigroup Inc. Securities Litigation
  S.D. New York· 2010-11-09· cited 46×
• In re Citigroup Inc. Securities Litigation
  S.D. New York· 2013-08-01· cited 38×
• In re Citigroup Inc. Securities Litigation
  S.D. New York· 2016-08-09· cited 9×
• In Re Citigroup Inc. Securities Litigation
  Judicial Panel on Multidistrict Litigation· 2009-08-07· cited 1×