Karlen v. Butler Manufacturing Co.

How courts have described this case

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

• proxy statement deemed adequate in part because information “was not ‘buried’ by being disbursed among or immersed in irrelevant data”
• when assessing proxy disclosure, district court “properly took into account information already in the public domain and facts known or reasonably available to the shareholders”
• one who alleges securities fraud must allege with some specificity acts constituting fraud
• “In determining whether [a proxy] constituted full and adequate disclosure, the district court properly took into account information already in the public domain and facts known or reasonably available to the shareholders”
• “full factual disclosure need not be embellished with speculative financial predictions”
• “In determining whether 5 . . . [there was] full and adequate disclosure, [courts] properly [take] into account 6 information already in the public domain and facts known or reasonably 7 available to the shareholders . . . .”

Source: CourtListener parenthetical corpus (CC0).