In Re Newbridge Networks Securities Litigation

How courts have described this case

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

• noting that in the absence of additional facts, plaintiffs must allege that such facts are within defendants’ control and provide a statement of facts on which the allegations are based
• noting that regardless of the stage of litigation, a plaintiff “must, in order to satisfy Rule 9(b), either allege additional facts or allege that such facts are within defendants’ control and provide a statement of facts on which the allegations are based”
• “[C]ourts have widely recognized the utility of, and the necessity for, class actions in securities litigation.”
• “Courts have made clear that the way to determine whether or not defendants should be held liable for such statements is by first determining whether the analysts’ reports were endorsed by defendants.”
• “[Wjhere members of a class are subject to the same misrepresentations and omissions, and where alleged misrepresentations fit within a common course of conduct, common questions exist and a class action is appropriate.”
• “[I]n complex litigation such as securities actions, a plaintiff need not have expert knowledge of all aspects of the case to qualify as a class representative and a great deal of reliance on the expertise of counsel is to be expected.”

Source: CourtListener parenthetical corpus (CC0).