In Re Interbank Funding Corp. Securities Litigation

How courts have described this case

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

• recognizing that “a strong inference of scienter may be established Svhere the complaint sufficiently alleges that the defendants ... failed to check information they had a duty to monitor.’ ”
• “It is well established, however, that a pleading of scienter may not rest on a bare inference that a defendant ‘must have had knowledge of the facts.’ ”

Source: CourtListener parenthetical corpus (CC0).