Federal Case

How courts have described this case

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

• recognizing that the PSLRA was designed to “eliminate abusive securities 12 litigation” such as “fraud by hindsight”
• holding that because plaintiffs had three 20 opportunities to plead their case, it was not 21 unreasonable for the district court to conclude that it 22 would be pointless to provide another chance to amend
• noting that there was no strong inference of scienter when the majority of the shares were sold for $20-$24 per share and the stock price increased for several months, peaking at $39
• noting that there was no strong inference of scienter when the majority of the shares were sold for $20-$24 per share and the stock price increased for several months, peaking at $39
• noting that there was no strong inference of scienter where the majority of shares sold between $20 and $24 per share and the stock price increased for several months, peaking at $39 per share
• noting that “[because [the defendant] joined Vantive four months into the class period, he has no relevant trading history,” and thus finding that “[b]ecause [the defendant] had no trading history, we cannot conclude that his trades were out of line with his past practice”

Source: CourtListener parenthetical corpus (CC0).