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Second Circuit· 6/21/2000

Novak v. Kasaks

Citations

  • 216 F.3d 300
  • 2000 WL 796300

How courts have described this case

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

  • concluding that the PSLRA did not change the standard in the Second Circuit, and thereby equating the Rule 9 and PSLRA standards for scienter
  • holding that only where allegations of accepted accounting violations are coupled with evidence of \corresponding fraudulent intent\ will they be sufficient to show scienter
  • holding that only where allegations of accepted accounting violations are coupled with evidence of \corresponding fraudulent intent\ will they be sufficient to show scienter
  • holding that defendants \knowingly sanctioned procedures that violated the Company’s own markdown policy\
  • holding that confidential sources must be “described in the complaint with sufficient particularity to support the probability that a person in the position occupied by the source would possess the information alleged.”
  • holding that defendants offered more than just rosy predictions when they \stated that the inventory situation was 'in good shape' or 'under control' while they allegedly knew that the contrary was true\

Source: CourtListener parenthetical corpus (CC0).

Judges: Leval, Pooler, Walker

Read full opinion on CourtListener

Cited by

381 cases in this archive cite this case; the 20 most cited are listed.

Cites

37 cases in this archive are cited by this case; the 20 most cited are listed.

Other cases named Novak v. Kasaks

3 other CourtListener records share this case name.

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.