In Re Forest Laboratories, Inc. Derivative Litigation

How courts have described this case

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

• rejecting plaintiffs attempt to impute knowledge of accounting errors “to Outside Directors who are not alleged to be directly involved in the day-to-day operations of the company”
• “Plaintiffs have failed to plead with particularity what obvious danger signs were ignored .... ” (quotation marks and citations omitted)
• “Because Rule 23.1 requires particularized allegations, the pleading standard is higher than the standard applicable to a pleading subject to a motion to dismiss pursuant to Rule 12(b)(6).”
• “Although [the drugs] do comprise an overwhelming majority of [the company]’s business, [eighty two percent,] it cannot follow that every fact pertaining to those drugs may reasonably be imputed to Outside Directors.”
• “Assuming, for purposes of discussion, that Rule 9(b

Source: CourtListener parenthetical corpus (CC0).

Cited by

12 cases in this archive cite this case.

• In Re Take-Two Interactive Securities Litigation
  S.D. New York· 2008-04-16· cited 91×
• In Re IAC/InterActiveCorp Securities Litigation
  S.D. New York· 2007-03-21· cited 40×
• Matsumura v. Benihana National Corp.
  S.D. New York· 2008-01-25· cited 32×
• In re Saic Inc. Derivative Litigation
  S.D. New York· 2013-06-10· cited 22×
• In Re Nutrisystem, Inc. Derivative Litigation
  E.D. Pennsylvania· 2009-10-26· cited 12×
• Taylor ex rel. Aviat Networks, Inc. v. Kissner
  D. Delaware· 2012-09-27· cited 8×
• MARKEWICH EX REL. MEDTRONIC, INC. v. Collins
  D. Minnesota· 2009-05-11· cited 7×
• Canty v. Day
  S.D. New York· 2014-04-09· cited 6×
• Jones Ex Rel. CSK Auto Corp. v. Jenkins
  D. Arizona· 2007-08-24· cited 5×
• Kococinski ex rel. Medtronic, Inc. v. Collins
  D. Minnesota· 2013-03-25· cited 5×
• Gould ex rel. Bank of America v. Moynihan
  S.D. New York· 2017-08-15· cited 4×
• In Re Healthways, Inc. Derivative Litigation
  Court of Appeals of Tennessee· 2011-03-14

Cites

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

• Kamen v. Kemper Financial Services, Inc.
  Supreme Court· 1991-05-20· cited 1,291×
• Aronson v. Lewis
  Supreme Court of Delaware· 1984-03-01· cited 1,206×
• Brehm v. Eisner
  Supreme Court of Delaware· 2000-02-09· cited 877×
• Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.
  Supreme Court of Delaware· 1993-12-23· cited 768×
• In Re Caremark International Inc. Derivative Litigation
  Court of Chancery of Delaware· 1996-09-25· cited 387×
• Beam Ex Rel. M. Stewart Living v. Stewart
  Supreme Court of Delaware· 2004-03-31· cited 368×
• Guttman v. Huang
  Court of Chancery of Delaware· 2003-05-05· cited 257×
• Cosmas v. Hassett
  Second Circuit· 1989-09-12· cited 233×
• Security First Corp. v. U.S. Die Casting & Development Co.
  Supreme Court of Delaware· 1997-01-14· cited 112×
• Beam Ex Rel. Martha Stewart Living Omnimedia, Inc. v. Stewart
  Court of Chancery of Delaware· 2003-09-30· cited 89×
• In Re Baxter International, Inc. Shareholders Litigation
  Court of Chancery of Delaware· 1995-03-07· cited 69×
• Heineman v. Datapoint Corp.
  Supreme Court of Delaware· 1992-08-05· cited 64×
• In Re Keyspan Corp. Securities Litigation
  E.D. New York· 2003-03-21· cited 61×
• In Re Aetna Inc. Securities Litigation
  E.D. Pennsylvania· 1999-02-02· cited 44×
• Epstein v. Itron, Inc.
  E.D. Washington· 1998-01-22· cited 38×
• White v. Panic
  Court of Chancery of Delaware· 2000-01-19· cited 33×
• In Re Ancor Communications, Inc.
  D. Minnesota· 1998-07-14· cited 30×
• Levner v. Saud
  S.D. New York· 1994-10-17· cited 23×
• In Re Ramp Networks, Inc. Securities Litigation
  N.D. California· 2002-03-01· cited 17×
• Halpert Enterprises, Inc. Ex Rel. J.P. Morgan Chase & Co. v. Harrison
  S.D. New York· 2005-03-28· cited 15×