· 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 CourtListenerSourced from CourtListener / Free Law Project (CC0).
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