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· 10/21/1998

In Re MobileMedia Securities Litigation

Citations

  • 28 F. Supp. 2d 901
  • 1998 U.S. Dist. LEXIS 17286
  • 1998 WL 846619

How courts have described this case

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

  • noting that to state a claim under Section 12(a)(2
  • finding allegation that defendants’ warning of possible difficulties with acquired company’s subscriber base actionable when they were already experiencing integration difficulties
  • finding allegation that defendants’ warning of possible difficulties with acquired company’s subscriber base actionable when they were already experiencing integration difficulties
  • warning of possible “unforeseen” difficulties in the integration of an acquisition when the company was already experiencing such difficulties
  • rejecting argument that statements specifically drawing a link between company’s future success and acquisition were puf-fery
  • “Warnings of possible adverse events are insufficient to make omissions of present knowledge of certain future events legally immaterial.”

Source: CourtListener parenthetical corpus (CC0).

Judges: Lechner

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.