Lugo Garces v. Sagner International, Inc.

How courts have described this case

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

• holding that a party is not entitled to amend its complaint through motion papers
• reasoning that the scope of the defendant’s duty to the plaintiffs did not include responsibility for the alleged misrepresentations
• noting that a determination of subject matter jurisdiction ultimately “depends not only on how much was done in the United States but also on how much (here how little) was done abroad”
• noting that the complaint pleaded only an aiding and abetting violation against the auditor
• finding subject matter jurisdiction where the investment in question, though purchased on a foreign exchange, involved securities of American corporations and “the transactions were fully consummated within the United States”
• reversing grant of summary judgment for defendant indenture trustees and remanding for further discovery despite the district court’s belief “that the [trustees’] duties were limited by the terms of their indenture agreements”

Source: CourtListener parenthetical corpus (CC0).