Robert Yates v. Municipal Mortgage & Equity

How courts have described this case

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

• selling 28% of holdings did not strengthen inference of scienter when not all defendants sold stock and the timing of the trades were not suspicious
• reaching same result under the analogous, though not identical, Section 12(a)(2)
• “The mere publication of inaccurate accounting figures, or a failure to follow GAAP, without more, does not establish scienter.” (quotation marks and brackets omitted)
• \We dismiss the § 15 claim because the complaint fails to state a claim under the predicate Securities Act provisions.\
• considering publicly available SEC filings

Source: CourtListener parenthetical corpus (CC0).