In Re SPORTSLINE.COM SECURITIES LITIGATION

How courts have described this case

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

• stating that alleged GAAP violations “provide evidence of scienter only when accompanied by additional facts and circumstances that raise an inference of fraudulent intent”
• “[I]f the facts alleged do not exclude other plausible explanations that would under a plaintiffs circumstantial inference of scien-ter, than that plaintiffs facts cannot be fairly said to raise a ‘strong inference’ that defendant acted with the required state of mind.”
• “The instant Complaint, however, fails to plead any connection between the resignation of [the former president of corporate and business development and the former president of operations] and the accounting errors that led [the company] to restate its financial statements.”

Source: CourtListener parenthetical corpus (CC0).