Lapin v. Goldman Sachs Group, Inc.

How courts have described this case

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

• finding that such optimistic assessments may be actionable “upon a showing that the defendants did not genuinely or reasonably believe the positive opinions they touted ... or that the opinions imply certainty.”
• finding that statements asserting that “integrity and honesty were at the heart of [the] business,” and attempts to distinguish itself as “truly independent investment research while it allegedly knew the contrary was true” are actionable
• finding actionable statements about defendants’ integrity being “‘at the'heart’” of its business and a point of distinction from competitors
• finding that statements asserting that “integrity and honesty were at the heart of [the] business,” and the defendant’s attempts to distinguish itself as producing “truly independent investment research while it allegedly knew the contrary was true” were actionable
• “optimistic statements may be actionable upon a showing that the defendants did not . . . reasonably believe the positive opinions they touted”
• “The statute plainly imposes liability on a controlling person for any primary violation, unless the controlling person acted in good faith and did not induce the action.”

Source: CourtListener parenthetical corpus (CC0).