In Re Silicon Graphics, 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.

• concluding allegations that defendants received “flash reports” and “stop ship” reports were too generic to create strong inference of fraud under PSLRA
• indicating that complaint might have to provide names of “confidential informants, employees, competitors, Government employees, members of the media, and others who have provided information leading to the filing of the case” (citation omitted)
• concluding, on the basis of a paragraph substantially similar to FAC ¶ 130, that “[b]ecause the sources set forth ... do not provide plaintiffs with personal knowledge, the complaint must be based on information and belief.”
• dismissing with prejudice plaintiffs’ insider trading claims against three defendants where plaintiffs did not allege that they traded contemporaneously with plaintiffs
• knowing or intentional misconduct includes deliberate recklessness

Source: CourtListener parenthetical corpus (CC0).