Miller v. New America High Income Fund

How courts have described this case

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

• holding that to adequately plead loss causation, plaintiffs “must allege that they were injured because the risks that materialized were the risks of which they were unaware as a result of defendants’ misleading statements, not the risks of which they were fully aware.”
• study indicates that “junk bonds were not as lucrative as investors and traders had been led to believe”
• “the quoted prices at which junk bonds were reportedly selling became severely depressed”
• disclosures of “increase in junk bond defaults”
• “collapse in the price of junk bonds”

Source: CourtListener parenthetical corpus (CC0).