In Re Nokia Oyj (Nokia Corp.)

How courts have described this case

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

• holding that generalized allegations that the individual defendants “knew, or should have known, that they were misrepresenting material facts, based on their senior positions in the company” are insufficient to establish scienter
• noting that to establish securities fraud, plaintiffs must plead “why the alleged false or misleading statements were actually false or misleading when made”
• holding that optimistic statements about growth were puffery
• holding that optimistic statements about growth were puffery
• finding that plaintiffs cannot “‘hedge their bets’ by holding [new] evidence back in the hopes of having another bite of the proverbial apple” while waiting for a ruling on a motion to dismiss
• noting the absence of any “obligation to release interim sales data prior to a quarter’s end”

Source: CourtListener parenthetical corpus (CC0).

Cited by

23 cases in this archive cite this case; the 20 most cited are listed.

• Glaser v. The9, Ltd.
  S.D. New York· 2011-03-28· cited 70×
• Eaves v. Designs for Finance, Inc.
  S.D. New York· 2011-03-30· cited 62×
• In Re Moody's Corp. Securities Litigation
  S.D. New York· 2009-02-23· cited 40×
• Lipow v. Net1 UEPS Technologies, Inc.
  S.D. New York· 2015-09-16· cited 29×
• In Re Tower Automotive Securities Litigation
  S.D. New York· 2007-04-14· cited 28×
• Kalin v. Xanboo, Inc.
  S.D. New York· 2007-01-31· cited 26×
• In Re XM Satellite Radio Holdings Securities Litigation
  District of Columbia· 2007-03-28· cited 26×
• In re Petrochina Co. Ltd. Securities Litigation
  S.D. New York· 2015-08-03· cited 25×
• In Re MBIA, Inc., Securities Litigation
  S.D. New York· 2010-03-31· cited 20×
• Pehlivanian v. China Gerui Advanced Materials Group, Ltd.
  S.D. New York· 2015-12-23· cited 15×
• Ilia Kolominsky v. Root, Inc.
  Sixth Circuit· 2024-04-29· cited 14×
• Frankfurt-Trust Inv. Luxemburg AG v. United Techs. Corp.
  S.D. Illinois· 2018-09-28· cited 13×
• Pollio v. MF Global, Ltd.
  S.D. New York· 2009-04-07· cited 11×
• La Pietra v. RREEF America, L.L.C.
  S.D. New York· 2010-09-16· cited 11×
• In Re NVE Corp. Securities Litigation
  D. Minnesota· 2007-07-03· cited 10×
• In re TVIX Securities Litigation
  S.D. New York· 2014-06-09· cited 10×
• Construction Workers Pension Fund—Lake County & Vicinity v. Navistar International Corp.
  N.D. Illinois· 2015-07-10· cited 10×
• In Re New York Community Bancorp, Inc., Securities Litigation
  E.D. New York· 2006-09-18· cited 9×
• City of Taylor General Employees Retirement System v. Magna International Inc.
  S.D. New York· 2013-08-23· cited 9×
• Houston Pipeline Co. LP v. Enron Corp. (In re Enron Corp.)
  S.D. New York· 2007-03-27· cited 7×

Cites

31 cases in this archive are cited by this case; the 20 most cited are listed.

• Foman v. Davis
  Supreme Court· 1962-12-03· cited 17,205×
• Basic Inc. v. Levinson
  Supreme Court· 1988-03-07· cited 3,007×
• Dura Pharmaceuticals, Inc. v. Broudo
  Supreme Court· 2005-04-19· cited 2,236×
• Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin Engelman
  Second Circuit· 1994-06-02· cited 1,243×
• Novak v. Kasaks
  Second Circuit· 2000-06-21· cited 686×
• Kailash C. Pani, M.D., and Kailash C. Pani, M.D., P.C. v. Empire Blue Cross Blue Shield
  Second Circuit· 1998-07-24· cited 568×
• San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.
  Second Circuit· 1996-01-25· cited 563×
• Rombach v. Chang
  Second Circuit· 2004-01-20· cited 523×
• In Re: Sharp International Corp. & Sharp Sales Corp., Debtors. Sharp International Corp., Debtor-Appellant v. State Street Bank and Trust Company
  Second Circuit· 2005-04-01· cited 473×
• Lentell v. Merrill Lynch & Co.
  Second Circuit· 2005-01-20· cited 422×
• Kalnit v. Eichler
  Second Circuit· 2001-09-05· cited 348×
• Lentell v. Merrill Lynch & Co. Inc.
  Second Circuit· 2005-01-20· cited 226×
• Halperin v. eBanker USA.COM, Inc.
  Second Circuit· 2002-07-09· cited 174×
• In Re Merrill Lynch & Co., Research Reports Securities Litigation
  S.D. New York· 2003-08-12· cited 171×
• Health-Chem Corp. v. Baker
  Second Circuit· 1990-09-28· cited 144×
• In re Oxford Health Plans, Inc.
  S.D. New York· 1999-06-08· cited 114×
• Unnamed case
  Sixth Circuit· 1997-10-09· cited 102×
• In Re JP Morgan Chase Securities Litigation
  S.D. New York· 2005-03-28· cited 97×
• Richard J. MacKensworth v. S.S. American Merchant
  Second Circuit· 1994-06-16· cited 88×
• In Re Bristol-Myers Squibb Securities Litigiation
  S.D. New York· 2004-04-01· cited 78×