In Re RAC Mortgage Investment Corp. 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 although the Pinter court was interpreting the meaning of a statutory seller within the context of § 12(1), the Second, Third, Fifth and Ninth Circuits have extended the holding to § 12(a)(2)
• rejecting argument that company was required to disclose risk of fluctuating interest rates with terms like “extreme sensitivity,” “potentially devastating,” “especially vulnerable” and “dramatic”

Source: CourtListener parenthetical corpus (CC0).