New Mexico State Investment Council v. Ernst & Young LLP

How courts have described this case

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

• examining first plaintiffs’ specific allegations and then briefly surmising that the allegations were sufficient under a holistic analysis
• stating that review for failure to state a claim under FRCP 12(b)(6) “is generally limited to the face of the complaint, materials incorporated into the complaint by reference, and matters of judicial notice” (citation omitted)
• discerning recklessness where the auditor knew an options grant was suspicious based on specific email exchanges recited in the complaint, yet failed to investigate further
• relying on “specific email exchanges recited in the Complaint” and the fact that EY “never received or reviewed any documents”
• identifying certain email exchanges that revealed the suspiciousness of the company’s stock options grant

Source: CourtListener parenthetical corpus (CC0).