Indiana Electrical Workers' Pension Trust Fund IBEW v. Shaw Group, Inc.

How courts have described this case

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

• holding that monetary rewards for executives tied to company performance are standard and “can hardly be the basis on which an allegation of fraud is predicated”
• holding that “pleading[s] of scienter may not rest on the inference that defendants must have been aware of the misstatement based on their positions with the compa ny”
• holding that even a CEO’s boasting “there is nothing in this company I don’t know” was insufficient to support a strong inference of scienter on his part
• holding that an individual's boast that \there is nothing in this company that I don't know\ was insufficient to support a strong inference of scienter
• holding that corporate officers’ receipt of internal reports did not demonstrate scienter because the reports did not necessarily include information inconsistent or at odds with the corporation’s public statements
• holding that corporate officers’ receipt of internal reports did not demonstrate scienter because the reports did not necessarily include information inconsistent or at odds with the corporation’s public statements

Source: CourtListener parenthetical corpus (CC0).