Kennilworth Partners L.P. v. Cendant Corp.

How courts have described this case

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

• dismissing complaint in which “plaintiffs [ ] lump[ed] the defendants together and ma[d]e general conclusory allegations of wrongdoing.”
• refusing to find required level of scienter where plaintiff alleged that the CUC directors signed the Cendant 10-K and “had access to facts in their roles as directors or officers of Cendant”
• \[S]tatement[s that] could be made in relation to the auditor of every corporation\ are not sufficient to raise the inference of scienter.
• “[S]tatement[s that] could be made in relation to the auditor of every corporation” are not sufficient to raise the inference of scienter.

Source: CourtListener parenthetical corpus (CC0).