Nilsson v. Cleveland Tankers, Inc.

How courts have described this case

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

• concluding that a group of individual investors had the largest financial interest by considering their net shares purchased, expenditures, and losses collectively
• collecting cases and characterizing as “the majority view” the notion that “unrelated investors may aggregate under certain circumstances”
• collecting cases and characterizing as “the majority view” the notion that “unrelated investors may aggregate under certain circumstances”
• “The legislative history of the PSLRA reflects a preference for institutional investors in the lead plaintiff role.”
• “[MJore recently, courts have preferred LIFO and have ‘generally rejected FIFO as an appropriate means of calculating losses in securities fraud cases,””
• Unlike FIFO, “LIFO ... has been used not only for lead plaintiff calculations, but also to determine compensation amounts for stockholders suffering losses due to securities fraud,”

Source: CourtListener parenthetical corpus (CC0).