In Re Glenfed, 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.

• holding that plaintiffs may not \merely proclaim in the most conclusory of fashion that the defendants made false statements.\
• holding that plaintiffs must show that the difference between a forecast and actual results is “not merely the difference between two permissible judgments, but rather the result of a falsehood”
• holding that “[w]here fraudulent projections are alleged, the plaintiffs must identify in the complaint with specificity some reason why the discrepancy between a company’s optimistic projections and its subsequently disappointing results is attributable to fraud”
• holding that contemporary condition contrary to defendant’s optimistic statements adequately pleads falsity
• stating that such “puzzle-style” complaints are an \unwelcome and wholly unnecessary strain on defendants and the court system\
• requiring that 21 the complaint state “what is false or misleading about a statement, and why it is false”

Source: CourtListener parenthetical corpus (CC0).