In Re Keyspan 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.

• holding that CEO’s failure to make stock sales during one of two alleged “sell-off’ periods attenuated inference of scienter as to other defendants
• ruling, inter alia, that passage of four to six weeks between alleged false statement and sales negated inference that defendants were attempting to “reap the immediate benefit of’ false statement
• finding public disclosure adequate where relevant information appeared in two of company’s publicly filed documents
• dismissing securities fraud complaint where defendant disclosed it was subject to a particular regulation and information about that regulation was a “matter[] of public record”
• citing, inter alia, Seibert v. Sperry Rand Corp., 586 F.2d 949, 952 (2d Cir. 1978)
• observing, in the related context of duty to speak, that “[i]t is pointless and costly to compel firms to reprint information already in the public domain[.]”

Source: CourtListener parenthetical corpus (CC0).