In Re Frank B. Hall & Co., Inc.

How courts have described this case

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

• finding allegations of defendants’ knowledge sufficient to support claim of securities fraud where timing of disclosure involving write-down was sudden because reasonable person could infer that sudden change of circumstance did not happen “overnight”
• allegation that accountant arbitrarily valued company $10 million under GAAP, with citation to specific accounting rules violated, was sufficient
• allegation that accountant arbitrarily valued company $10 million under GAAP, with citation to specific accounting rules violated, was sufficient
• “That evaluations done under different accounting standards should yield different results is not surprising, and no inference of fraud . . . may be fairly drawn from that fact, standing alone.”

Source: CourtListener parenthetical corpus (CC0).