S.D. New York· 3/21/2006
In re Veeco Instruments, Inc. Securities Litigation
Citations
- 235 F.R.D. 220
- 2006 U.S. Dist. LEXIS 13226
- 2006 WL 759751
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- concluding a class period end date occurred the date prior to the disclosure
- involving particularized confidential-witness allegations that attributed knowledge of specific issues to specific individual defendants
- “[A] failure to maintain sufficient internal controls to avoid fraud is sufficiently indicative of scienter.”
- “Pursuant to the judicially-created ‘bespeaks caution’ doctrine, certain alleged misrepresentations, which are accompanied by meaningful cautionary statements, are considered immaterial as a matter of law.”
- plaintiffs alleged that the subject company’s “accounting department was dramatically reduced,” allowing “defendants to conceal accounting improprieties and false financial reporting”
- the bespeaks caution doctrine “applies only where the cautionary language is reasonably specific as opposed to generic or boilerplate so as to constitute a real warning to investors”
Source: CourtListener parenthetical corpus (CC0).
Judges: McMahon
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