Rombach v. Chang

How courts have described this case

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

• holding that “expressions of puffery and corporate optimism do not give rise to securities violations”
• holding that even if plaintiffs had alleged that defendants engaged in a series of acquisitions in order to increase their executive compensation, the complaint would still fail to allege the requisite motive
• holding that complaint may establish scienter through facts showing that defendants “had both motive and opportunity to commit fraud”
• stating that plaintiffs “need allege no more than negligence to proceed” under sections 11 and 12(a)(2)
• explaining that, “[u]p to a point, companies must be permitted to operate with a hopeful outlook”
• determining that claims concerning “the duty to make a reasonable and diligent investigation of the statements contained in the Prospectus” sounded in negligence

Source: CourtListener parenthetical corpus (CC0).

Cited by

252 cases in this archive cite this case; the 20 most cited are listed.

• Lewis Borsellino and I.M. Acquisitions, LLC v. Goldman Sachs Group, Incorporated
  Seventh Circuit· 2007-02-20· cited 389×
• In Re Morgan Stanley Information Fund Securities
  Second Circuit· 2010-01-25· cited 364×
• Kleinman v. Elan Corp., plc
  Second Circuit· 2013-02-01· cited 278×
• Harry Wagner v. First Horizon Pharmaceutical Corp.
  Eleventh Circuit· 2006-09-18· cited 251×
• In re Vivendi, S.A. Secs. Litig.
  Second Circuit· 2016-09-27· cited 249×
• Slayton v. American Express Co.
  Second Circuit· 2010-05-18· cited 247×
• Wilson v. Merrill Lynch & Co., Inc.
  Second Circuit· 2011-11-14· cited 238×
• Jagged Peak Energy Inc. Joseph N. Jaggers Robert W. Howard Shonn D. Stahlecker Charles D. Davison S. Wil Vanloh, Jr. Blake A. Webster Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC J.P. Morgan Securities LLC Goldman, Sachs & Co. RBC Capital Markets, LLC Wells Fargo Securities, LLC UBS Securities LLC Keybanc Capital Markets, Inc. ABN AMRO Securities (USA) LLC Fifth Third Securities, Inc. Petrie Partners Securities, LLC Tudor, Pickering, Holt & Co. Securities, Inc. BMO Capital Ma
  Supreme Court of Colorado· 2022-11-21· cited 224×
• Litwin v. Blackstone Group, L.P.
  Second Circuit· 2011-02-10· cited 220×
• Stratte-McClure v. Stanley
  Second Circuit· 2015-01-12· cited 219×
• IBEW Local Union No. 58 Pension Trust Fund & Annuity Fund v. Royal Bank of Scotland Group, PLC
  Second Circuit· 2015-04-15· cited 199×
• Stadnick v. Vivint Solar, Inc.
  Second Circuit· 2017-06-21· cited 187×
• Ellington Credit Fund, Ltd. v. Select Portfolio Servicing, Inc.
  S.D. New York· 2011-12-05· cited 179×
• Carpenters Pension Trust Fund of St. Louis v. PLC
  Second Circuit· 2014-04-25· cited 170×
• Hutchison v. Deutsche Bank Securities Inc.
  Second Circuit· 2011-07-26· cited 168×
• Employees' Retirement System v. Blanford
  Second Circuit· 2015-07-24· cited 160×
• In Re Refco, Inc. Securities Litigation
  S.D. New York· 2007-04-30· cited 154×
• Vaughn Leroy Meyer v. JinkoSolar Holding Co.
  Second Circuit· 2014-07-31· cited 151×
• Thompson v. Relationserve Media, Inc.
  Eleventh Circuit· 2010-06-30· cited 133×
• In Re Initial Public Offering Securities Lit.
  S.D. New York· 2005-04-01· cited 126×

Cites

29 cases in this archive are cited by this case; the 20 most cited are listed.

• Herman & MacLean v. Huddleston
  Supreme Court· 1983-01-24· cited 1,450×
• Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin Engelman
  Second Circuit· 1994-06-02· cited 1,243×
• Vess v. Ciba-Geigy Corp. USA
  Ninth Circuit· 2003-01-31· cited 1,078×
• Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. Brennan
  First Circuit· 1996-12-10· cited 896×
• Shaw v. Digital Equipment Corp.
  First Circuit· 1996-05-07· cited 855×
• Mills v. Polar Molecular Corp.
  Second Circuit· 1993-12-17· cited 848×
• Rothman v. Gregor
  Second Circuit· 2000-07-11· cited 778×
• Kramer v. Time Warner Inc.
  Second Circuit· 1991-06-27· cited 728×
• Novak v. Kasaks
  Second Circuit· 2000-06-21· cited 686×
• Acito v. IMCERA Group, Inc.
  Second Circuit· 1995-02-01· cited 639×
• San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.
  Second Circuit· 1996-01-25· cited 563×
• Rombach v. Chang
  Second Circuit· 2004-01-20· cited 523×
• Unnamed case
  Ninth Circuit· 1996-07-17· cited 412×
• Melder v. Morris
  Fifth Circuit· 1994-08-08· cited 271×
• Schwartz v. Celestial Seasonings, Inc.
  Tenth Circuit· 1997-09-05· cited 188×
• Lone Star Ladies Investment Club v. Schlotzsky's Inc.
  Fifth Circuit· 2001-01-11· cited 183×
• Arnold B. ELKIND, Plaintiff-Appellee-Cross-Appellant, v. LIGGETT & MYERS, INC., Defendant-Appellant-Cross-Appellee
  Second Circuit· 1980-12-04· cited 176×
• Halperin v. eBanker USA.COM, Inc.
  Second Circuit· 2002-07-09· cited 174×
• Simon Debartolo Group, L.P., Gordon Altman Butowsky Weitzen Shalov & Wein v. The Richard E. Jacobs Group, Inc., and New England Development, Inc.
  Second Circuit· 1999-07-28· cited 158×
• Sears v. Likens
  Seventh Circuit· 1990-08-15· cited 121×