In Re Van Der Moolen Holding N v. 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 a corporation subjected itself to liability when it discussed the sources of its revenue but allegedly failed to disclose that the “true source[]” of such revenue was illegal trading
• concluding that the failure to disclose allegedly illegal trading practices as a source of revenue made defendants’ explanation for company’s fi nancial results actionable under Rule 10b-5
• finding that statements describing significant revenue generated by a majority-owned subsidiary without disclosing the subsidiary’s unlawful practices constituted actionable omissions
• including revenue figures and financial statements in an appendix of alleged false and misleading statements
• finding requisite connection between the statements and undisclosed improper activity when company discussed sources of its revenue while omitting that the \true source\ of that revenue was illegal trading
• finding liability where defendant corporation failed to disclose that the “true source” of its revenue was illegally trading ahead of its clients

Source: CourtListener parenthetical corpus (CC0).