Sanders v. Pontesso

How courts have described this case

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

• dismissing action where plaintiff “at best. . . alleges a difference of opinion” 7 based on disagreement with assumptions and inputs
• declining to intuit a GAAP violation in the absence of a restatement
• noting plaintiff’s concession that short- seller report on which its complaint had relied was “wrong in certain respects and . . . proven wrong in others by the passage of time”
• dismissing complaint that “rel[ied] almost entirely on a negative report published by a short seller [GeoInvesting]” and that, as a result, was “long on sound, fury and speculation, but . . . short on specifics”
• “[A]ctuarial or accounting assumptions . . . are, by definition, not statements of fact.”
• “GAAP is not the lucid or encyclopedic set of pre-existing rules that [it might be perceived] to be.” (alteration in original) (quoting In re Worldcom, Inc. Sec. Litig., 352 F.Supp.2d 472, 478 (S.D.N.Y. 2005)

Source: CourtListener parenthetical corpus (CC0).