Lena Gallagher, on Behalf of a Class v. Abbott Laboratories and Miles D. White

How courts have described this case

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

• holding that the failure to disclose a compliance letter from the FDA did not render the CEO’s projection of continued growth false or misleading absent evidence that the CEO did not honestly believe in the projection
• explaining that the Form 10-K provides “snapshots” of a registrant’s overall financial position
• explaining that securities laws do not require continuous disclosure
• describing the rule’s application to “registration statements and annual 10-K reports”
• “[F]irms are entitled to keep silent (about good news as well as bad news) unless positive law creates a duty to disclose.”
• \[F]irms are entitled to keep silent (about good news as well as bad news) unless positive law creates a duty to disclose.\

Source: CourtListener parenthetical corpus (CC0).