International Ass'n of Machinists & Aerospace Workers v. Haley

How courts have described this case

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

• holding that an issuer’s officers and directors were motivated in part by their financial interests “by virtue of their continued positions and salaries” where the at-issue company’s survival was “at stake”
• “Plaintiffs are not required to additionally plead red flags or facts negating the Underwriters’ [reasonable reliance] defense.”
• whether statement is one of opinion cannot \turn[ ] on th[e] semantic choice\ of the maker
• whether statement is one of opinion cannot “turn[ ] on th[e] semantic choice” of the maker
• allegation that offering was “critical to [the company’s] very survival” was “too generalized a motive to plead securities fraud”
• “[I]t cannot be inferred [from the Consolidated Complaint] that the applicability of Section 956 was so obvious that the defendants] must have been aware of it .... ”

Source: CourtListener parenthetical corpus (CC0).