New Orleans Employees' Retirement System v. Omnicom Group, Inc.

How courts have described this case

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

• stating that \ 'members of a class not present as parties to the litigation may be bound by the judgment where they are in fact adequately represented by parties who are present' ” (quoting Hansberry v. Lee
• \The case of United States v. Balint [258 U.S. 250
• holding that the “negative characterization of already-public information” does not constitute a corrective disclosure of new information
• holding that a publicly discussed accounting method that attempted to avoid a significant loss was not later “revealed”
• noting that a concealed fraud may “cause investors’ losses ... when disclosure of the fraud is made and the available public information ... is corrected”
• finding that a news article was not a corrective dis closure because it revealed “no hard fact” about the fraud

Source: CourtListener parenthetical corpus (CC0).