Payne v. DeLuca

How courts have described this case

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

• not addressing whether defendants’ statements were forward looking, and instead finding that plaintiff had failed to allege a material misrepresentation
• merely because there was a restatement to correct an error or false statement in a financial statement does not mean there was fraud; plaintiff must show scienter
• statement that “recent contract awards demonstrate our excellent reputation with a diverse range of clients and our broad and sophisticated skill base” is puffery
• “to successfully allege a cause of action, a plaintiff must allege that the share price fell significantly after the truth about the misstatement or omission became known.”

Source: CourtListener parenthetical corpus (CC0).