Joan C. Howard v. Everex Systems, Inc., Steven L.W. Hui Michael C.Y. Wong Wong's International (Holdings) Limited Gatcombe Corp. N.V.

How courts have described this case

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

• holding that a defendant can be held liable when it knowingly participates in the creation of a false or misleading statement
• holding that the heightened pleading requirements of the PSLRA are inapplicable to a motion for summary judgment or a motion for judgment as a matter of law
• finding actual authority over the preparation and presentation to the public of financial statements signed by director/defendant sufficient to make prima facie case of a controlling person
• outlining recklessness as the scienter required for Section 10(b) or 17(a)(1)
• “ ‘[F]act-specific issues . . . should ordinarily be left to the trier of fact [though] summary judgment may be granted in appropriate cases.’ ”
• “[W]hen a corporate officer signs a document on behalf of the corporation, that signature will be rendered meaningless unless the officer believes that the statements in the document are true.”

Source: CourtListener parenthetical corpus (CC0).