Oaktree Capital Management, L.P. v. KPMG

How courts have described this case

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

• concluding that plaintiffs did not adequately plead objective falsity of the GAAP conformance statement to satisfy Rule 8, in part because they alleged that financials were \vastly overstated\ but did not provide accurate numbers
• concluding that plaintiffs did not adequately plead objective falsity of the GAAP conformance statement to satisfy Rule 8, in part because they alleged that financials were “vastly overstated” but did not provide accurate numbers
• \misstated financial statements from 2010 do not necessarily reflect anything about financial statements made in 2008 and 2009\
• “15 U.S.C. § 78r(c) contains a three-year statute of repose for § 18 claims.”

Source: CourtListener parenthetical corpus (CC0).