In Re Wells Fargo Mortgage-Backed Certificates Litigation

How courts have described this case

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

• dismissing control person claims because allegations of rating agencies' influence over transactions failed to show direction of violators' management or policies
• dismissing control person claims because allegations of rating agencies’ influence over transactions failed to show direction of violators’ management or policies
• ascribing importance to a thorough governmental investigation regarding rating agency misconduct
• “In the Court’s view, these allegations, particularly the statements from Moody’s and S & P’s executives, are sufficient to establish an actionable misstatement with respect to the rating process.”
• “Unlike Section 11, which permits an action by a plaintiff who has purchased a security that is merely ‘traceable to’ the challenged misstatement or omission, Section 12(a)(2
• “Unlike Section 11, 27 which permits an action by a plaintiff who has purchased a security that is merely ‘traceable 28 to’ the challenged misstatement or omission, Section 12(a)(2

Source: CourtListener parenthetical corpus (CC0).