In Re Complete Management 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 an inference of scienter is not supported by the fact that the accountant was paid to perform services
• holding, in context of control person analysis, that because defendant founded the company and was its largest shareholder he may be able to influence the company
• “[I]f Andersen were conducting any kind of audit at all, they would have seen the potential problems.”
• “[T]he artificial inflation of a stock price in order to achieve some more specific goal may satisfy the pleading requirement” (citing In re Time Warner Inc. Sec. Litig., 9 F.3d 259, 270 (2d Cir. 1993))
• accounts receivable is not forward-looking

Source: CourtListener parenthetical corpus (CC0).