Novak v. Kasaks

How courts have described this case

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

• holding that scienter may be predicated on allegation that defendants “failed to review or check information that they had a duty to monitor”
• holding that a qualitative statement that inventory was “in good shape” while defendants knew the contrary was actionable
• holding that a securities fraud claim cannot be based on information that later becomes available to the defendants
• holding that, while the PSLRA “may compel revelation of confidential sources under certain circumstances,” there was no per se requirement of disclosure if the plaintiff states sufficient facts to support plaintiffs allegations
• holding that, while the PSLRA “may compel revelation of confidential sources under certain circumstances,” there was no per se requirement of disclosure if the plaintiff states sufficient facts to support plaintiffs allegations
• holding that sources need not be named “provided they are described ... with sufficient particularity to support the probability that a person in the position occupied by the source would possess the information alleged”

Source: CourtListener parenthetical corpus (CC0).