Pugh v. Tribune Co.

How courts have described this case

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

• discussing that taking judicial notice at motion to dismiss does not convert the motion into a motion for summary judgment
• finding that a private plaintiff may not assert a claim of “scheme liability” under § 10(b) of the Exchange Act against a defendant who “participated in a fraudulent scheme but had no role in preparing or disseminating Tribune’s financial statements or press releases”
• affirming dismissal of a PSLRA complaint when defendants also stood to lose a lot of money when the stock price fell
• rejecting the “judicial presumption that statements in group-published documents are attributable to officers who have daily involvement in company operations.”
• affirming dismissal under the PSLRA in part because the defendants promptly investigated upon learning about the accusation of fraud and disclosed its findings to the public
• affirming dismissal of co-fiduciary liability based on rejected claims of fiduciary breach

Source: CourtListener parenthetical corpus (CC0).