Louis S. Caiola v. Citibank, N.A., New York

How courts have described this case

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

• holding that purchaser-seller requirement is met where plaintiff \adequately alleges that [the broker] bought physical stock on [his] behalf and for his account\ (emphasis added)
• noting that plaintiff faced a “substantial burden” in arguing that the CFMA’s changes to Section 10(b
• holding, in context of securities fraud claim, that general disclaimers did not bar plaintiff from relying on defendant’s oral statements
• “[T]he lack of an independent duty [to disclose] is not ... a defense to ... liability[,] because upon choosing to speak, one must speak truthfully about material issues.”
• “Once Citibank chose to discuss its hedging strategy, it had a duty to be both accurate and complete.”
• when a party chooses to speak on a subject, it has a \duty to be both accurate and complete\

Source: CourtListener parenthetical corpus (CC0).