In Re Cross Media Marketing Corporation Securities Litigation

How courts have described this case

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

• stating that the PSLRA pleading requirements “eounsel[ ] against group pleading in actions arising in securities fraud eases....”
• dismissing claim where complaint \d[id] not adequately plead that each Defendant acted with /the required state of mind'’\
• reasonable investor would have reviewed securities filings and not been misled by forward-looking, optimistic statements in press releases
• reasonable investor would have reviewed securities filings and not been misled by press release containing cautions
• \[T]he alleged desires to raise additional capital in a private placement or to maintain compliance with the financial covenants of a company loan agreement ... are similarly inadequate to support an allegation of intent to commit fraud.\

Source: CourtListener parenthetical corpus (CC0).