Morton Levine, Suing Individually and on Behalf of All Other Shareholders of Nl Industries, Inc. Similarly Situated v. Nl Industries, Inc.

How courts have described this case

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

• affirming grant of summary judgment where, under defendants’ indemnity agreement with Department of Energy, “there was no plausible way that NL’s shareholders could suffer financially from the consequences of the alleged [undisclosed] environmental violations”
• “In order for the omission to be actionable, the omitted information must have been material, and there must have been a duty to disclose it”

Source: CourtListener parenthetical corpus (CC0).