McNeff v. White Eagle Brewing Co.

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 motion for class certification will fail when it rests on pure speculation or bare allegations
• finding an issuer not liable under Sec. 15, 1933 Act, for the material omissions of its best-efforts underwriter
• finding an issuer not liable under § 15, 1933 Act, for the material omissions of its best-efforts underwriter
• looking to common-law principles to define reasonable care under Section 12
• unsupported assertions respecting the number of shares traded and the average size of each trade were “pure speculation”
• would-be representative “must make a positive showing” as to numerosity

Source: CourtListener parenthetical corpus (CC0).