Reich v. David Weekley Homes, Inc.

How courts have described this case

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

• finding that float factor weighed in favor of market efficiency where insiders held 5% of stock
• noting that, in a case in which numerosity was not contested, a company with 8,775,228 shares of outstanding stock satisfied the numerosity requirement
• finding republication not required despite 11 month expansion of class period
• “[CJourts facing similar circumstances, where a named Plaintiff did not rely on stock price, have held that such evidence alone does not constitute a rebuttal of the ‘fraud-on-the-market’ theory.”
• “Generally, less than twenty-one is inadequate, more than forty adequate.” (quotation marks omitted)
• “Courts have noted in various contexts that a plaintiff may not assert a claim for damages suffered to a corporation, even where such individual plaintiff is the sole shareholder or president of the corporation.” (citation omitted)

Source: CourtListener parenthetical corpus (CC0).