In Re Verifone Securities Litigation

How courts have described this case

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

• emphasizing that a securities analyst is not motivated to inflate projections of stock performance because “the analyst’s reputation and livelihood depend solely on the analyst’s ability to be correct”
• “conclusory assertion that the projections ... lacked a reasonable basis” was “unsubstantiated conclusion” and “insufficient to satisfy Rule 9(b)”
• “shareholders and potential investors are most in need of ‘hard’ information such as sales and profit data, because such information is in the exclusive control of the corporation”
• “Professional investors, and most amateur investors as well, know 3 how to devalue the optimism of corporate executives, who have a personal stake in the 4 future success of the company.”
• “Professional investors, and most amateur investors as well, know how to 3 devalue the optimism of corporate executives, who have a personal stake in the future 4 success of the company.”

Source: CourtListener parenthetical corpus (CC0).