In Re Ibis Technology Securities Litigation

How courts have described this case

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

• motive 4 to delay timing of impairment charge to artificially inflate stock price before offering provided 5 “additional evidence of scienter”
• “[I]f a statement is accompanied by meaningful cautionary language, the defendants’ state of mind is irrelevant.” (quoting Harris v. Ivax Corp., 182 F.3d 799, 803 (11th Cir. 1999))
• “[P]laintiffs cannot plead a GAAP 23 violation merely by claiming that a write-off for obsolete inventory that was taken in one 24 quarter should have been taken in an earlier quarter”

Source: CourtListener parenthetical corpus (CC0).