In Re Peritos Software Services, Inc. Securities Litigation

How courts have described this case

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

• “[c]iting an ‘unprecedented market demand’ for [the company’s] offerings was simply part and parcel of the standard corporate hyperbole that accompanies any new product or service announcement”
• “In this case, the Class has alleged only that insider trading occurred, not that it was unusual or suspicious”
• general allegations that a defendant, through his board membership or executive position, had actual knowledge of false statements or reckless disregard for the truth are insufficient to raise strong inference of scienter
• allegations that analysts “met” and \engaged in conversation with [company's] senior management” \fail by a wide margin to clear the Rule 9(b) standard of particularity, specifying neither the time, place nor content of the speakers’s communication to the analysts”

Source: CourtListener parenthetical corpus (CC0).