In Re Digital Island Securities Litigation

How courts have described this case

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

• holding that service as directors, by itself, is insufficient to demonstrate control pursuant to Section 20(a) absent specific allegations regarding management responsibilities
• dismissing Section 20(a) claims where the complaint “was ut terly lacking in any details as to when or how [any participation] occurred,” even though the complaint pleaded “a factual predicate for the individual defendants’ knowledge of the purported misstatements”
• “Such allegations alone are insufficient to establish Section 20(a) culpability.”

Source: CourtListener parenthetical corpus (CC0).