Schultz v. Applica Inc.

How courts have described this case

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

• inferring strong inference of scienter as to the company’s CEO regarding misrepresentations related to a product line that bolstered the company’s financial projections
• “[T]he safe harbor of the PSLRA only applies to forward-looking statements and not misstatements or omissions of historical or contemporaneous facts.”
• company issued financial statements without disclosing its GAAP violations and new product defects and slow sales

Source: CourtListener parenthetical corpus (CC0).