In Re WorldCom, Inc. Securities Litigation

How courts have described this case

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

• stating that “size alone does not necessarily create an inference of scienter” and considering other circumstantial evidence in addition to size of alleged fraud
• holding no heightened pleading standard for section 20(a) claims; once plaintiff successfully pleads an underlying section 10(b) claim, then without more, “those who control that violator may be sued too”
• noting that the court in First Jersey adopted the definition of control in 17 C.F.R. § 12b-2 as the standard for a Section 20(a) claim
• stating that “it does not appear that there is any requirement that the plaintiff plead or prove a culpable state of mind to allege or establish culpable participation”
• finding adequate allegations that underwriter was a statutory seller where underwriter “participated] in ‘road show1 meetings”
• determining that standing of the named plaintiffs to bring Section 12(a)(2

Source: CourtListener parenthetical corpus (CC0).

Cited by

82 cases in this archive cite this case; the 20 most cited are listed.

• Nicholas La Grasta, Domenico La Grasta, and Mauro La Grasta, on Behalf of Themselves and All Others Similarly Situated v. First Union Securities, Inc.
  First Circuit· 2004-01-30· cited 688×
• ECA, Local 134 IBEW Joint Pension Trust of Chicago v. JP Morgan Chase Co.
  Second Circuit· 2009-01-21· cited 674×
• Hevesi v. Citigroup Inc.
  Second Circuit· 2004-05-07· cited 123×
• In Re Global Crossing, Ltd. Securities Litigation
  S.D. New York· 2004-03-23· cited 116×
• In Re Parmalat Securities Litigation
  S.D. New York· 2005-06-28· cited 107×
• In Re Marsh & McLennan Companies, Inc. Securities Litigation
  S.D. New York· 2006-07-20· cited 103×
• In Re JP Morgan Chase Securities Litigation
  S.D. New York· 2005-03-28· cited 97×
• In Re Scottish Re Group Securities Litigation
  S.D. New York· 2007-11-02· cited 95×
• In Re Take-Two Interactive Securities Litigation
  S.D. New York· 2008-04-16· cited 91×
• Pirelli Armstrong Tire Corp. v. LaBranche & Co.
  S.D. New York· 2004-05-27· cited 89×
• 380544 Canada, Inc. v. Aspen Technology, Inc.
  S.D. New York· 2008-03-18· cited 83×
• In Re AOL Time Warner, Inc. Securities & \Erisa\ Litigation
  S.D. New York· 2004-05-05· cited 83×
• In Re BISYS Securities Litigation
  S.D. New York· 2005-10-28· cited 83×
• In Re WorldCom Securities Litigation
  Second Circuit· 2007-07-26· cited 73×
• In Re Enron Corp. Securities
  S.D. Texas· 2008-09-08· cited 66×
• In Re Countrywide Financial Corporation Securities Litigation
  C.D. California· 2008-12-01· cited 64×
• In Re WorldCom, Inc. Securities Litigation
  S.D. New York· 2004-12-15· cited 62×
• Lapin v. Goldman Sachs Group, Inc.
  S.D. New York· 2006-09-29· cited 61×
• In Re Vivendi Universal, S.A. Securities Litigation
  S.D. New York· 2003-11-03· cited 52×
• In Re WorldCom, Inc. Securities Litigation
  S.D. New York· 2005-09-21· cited 50×

Cites

62 cases in this archive are cited by this case; the 20 most cited are listed.

• McDonnell Douglas Corp. v. Green
  Supreme Court· 1973-05-14· cited 38,518×
• Warth v. Seldin
  Supreme Court· 1975-06-25· cited 10,875×
• Swierkiewicz v. Sorema N. A.
  Supreme Court· 2002-02-26· cited 8,748×
• Ernst & Ernst v. Hochfelder
  Supreme Court· 1976-05-19· cited 3,533×
• Basic Inc. v. Levinson
  Supreme Court· 1988-03-07· cited 3,007×
• Herman & MacLean v. Huddleston
  Supreme Court· 1983-01-24· cited 1,450×
• Salahuddin v. Cuomo
  Second Circuit· 1988-11-04· cited 1,266×
• Gustafson v. Alloyd Co.
  Supreme Court· 1995-02-28· cited 1,256×
• Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin Engelman
  Second Circuit· 1994-06-02· cited 1,243×
• Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. Brennan
  First Circuit· 1996-12-10· cited 896×
• Pinter v. Dahl
  Supreme Court· 1988-06-15· cited 784×
• Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.
  Supreme Court· 1963-12-09· cited 780×
• Rothman v. Gregor
  Second Circuit· 2000-07-11· cited 778×
• Acito v. IMCERA Group, Inc.
  Second Circuit· 1995-02-01· cited 639×
• Novak v. Kasaks
  Second Circuit· 2000-06-21· cited 579×
• San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.
  Second Circuit· 1996-01-25· cited 563×
• In Re Time Warner Inc. Securities Litigation
  Second Circuit· 1993-11-30· cited 541×
• Simmons v. Abruzzo
  Second Circuit· 1995-02-24· cited 514×
• Dirks v. Securities & Exchange Commission
  Supreme Court· 1983-07-01· cited 418×
• Hirsch v. Arthur Andersen & Co.
  Second Circuit· 1995-12-28· cited 417×