Shapiro v. Cantor

How courts have described this case

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

• “Reliance only on representations made by others cannot itself form the basis of liability.” (alteration and internal quotation marks omitted)
• “Allegations of ‘assisting,’ ‘participating in,’ ‘complicity in’ and similar synonyms used throughout the complaint all fall within the prohibitive bar of Central Bank”
• “‘[I]n order for accountants to use or employ a deception actionable under anti-fraud law, they must themselves make a false or misleading statement (or omission) that they know or should know will reach potential investors.’ ”
• outside auditor who did not issue an opinion owed no fiduciary duty to the public and was therefore not liable for silence in the face of a material omission

Source: CourtListener parenthetical corpus (CC0).