In Re Scientific-Atlanta, 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.

• holding that the plaintiffs in a putative class action proved an efficient market sufficiently to trigger the Basic presumption of reliance and support a finding of predominance for class certification under Rule 23(b)(3) of the Federal Rules of Civil Procedure
• finding that a bid-ask spread that “never exceeded 1.9%” weighed heavily in favor of market efficiency
• finding that the float exceeding 96% during the class period weighed heavily in favor of a finding of market efficiency
• finding that where twenty different analysts issued reports on the company in one year, this factor was among those weighing heavily in favor of market efficiency
• excluding in-and-out traders from proposed class because no allegations that there were prior corrective disclosures
• finding this factor weighed in favor of market efficiency when the company’s market capitalization placed it in the top one-third of its peers

Source: CourtListener parenthetical corpus (CC0).