Public Employees' Retirement System v. Merrill Lynch & Co.

How courts have described this case

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

• holding that a Section 15 claim was not pleaded where a complaint only alleged that individual defendants were officers or directors of a primary violator
• rejecting Section 11 liability on the basis of sponsor status, unspecified participation in drafting and disseminating prospectus supplements, and parent-subsidiary relationships
• finding plaintiffs’ allegations that they purchased shares “pursuant and/or traceable to the defective Prospectus Supplements” insufficient to allege standing for purposes of a Section 12(a)(2
• Def. Supp. Memo., p. 14, NYSCEF Doc. No. 113

Source: CourtListener parenthetical corpus (CC0).