Inter-Local Pension Fund Gcc/i v. Rigel Pharmaceuticals, 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 the sale or non-sale of stock by the individual Defendants is relevant to whether an inference of scienter is warranted
• holding that for statements to be actionable under the PSLRA, they must have been “false or misleading at the time they were made”
• holding that a court deciding a motion to dismiss for failure to state a claim is “generally limited to the face of the complaint, materials incorporated into the complaint by reference, and matters of which [the court] may take judicial notice”
• explaining that a Section 15 claim requires an underlying primary violation of 7 24-2204 securities law
• holding 9 that the PSLRA “requir[es] plaintiffs to state with particularity both the facts constituting the 10 alleged violation and the facts evidencing scienter.”
• finding that the defendants' lack of stock sales was weighed against a strong inference of scienter because it was \inconsistent with Plaintiff's theory that financial motive establishes scienter\

Source: CourtListener parenthetical corpus (CC0).