Jones v. Westchester County Department of Corrections Medical Department

How courts have described this case

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

• finding no fraudulent misstatement or omission where the defendant publicly disclosed the challenges it faced in public SEC filings
• “The law. . . does not require companies to frame their disclosures in such a pejorative manner.”
• “The alleged omissions are contradicted by the company’s public disclosures and, therefore, there can be no Section 10(b) claim.”
• “The Third Circuit has not adopted the ‘materialization of risk’ test but, instead, requires that there have been corrective disclosures that exposed the alleged fraud.”
• “The Third Circuit has explicitly rejected [] ‘group pleading’ as incompatible 25 with the PSLRA’s requirement that plaintiffs ‘specify the role of each defendant, demonstrating each defendant’s involvement in misstatements and omissions.’”
• discussing McKesson HBOC, Inc. Securities Litigation, 126 F.Supp.2d 1248 (N.D.Cal.2000

Source: CourtListener parenthetical corpus (CC0).