In Re PXRE Group, Ltd., Securities Litigation

How courts have described this case

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

• “[R]aising capital as part of an amorphous scheme to stave off a company’s collapse . . . does not suffice.”
• finding no strong inference of recklessness when plaintiff failed “to allege that [defendants had access to information that specifically informed them of the alleged flaws” in loss estimate reports (emphasis in original)
• eighty percent write-down insufficient when no allegation that defendants had knowledge that that write-down was imminent or would be necessary
• “[I]t is well established that the size of the fraud alone does not create an inference of scienter.” (quotations omitted)
• “In light of the fact that the PSAC constitutes Plaintiffs fourth attempt at pleading this matter, the dismissal is with prejudice.”
• “Since the Court has held that there is no primary violation under section 10(b) of the Exchange Act, Defendants’ motion to dismiss the section 20(a

Source: CourtListener parenthetical corpus (CC0).