Sherwin I. Ray v. Citigroup Global Markets, Inc.

How courts have described this case

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

• defining loss causation as-“the fact that the defendant’s actions had something to do with the drop in value”
• explaining that one way that plaintiffs may show loss causation is to establish \that the defendants' alleged misrepresentations artificially inflated the price of the stock and that the value of the stock declined once the market learned of the deception.\
• explaining that “[i]t is not sufficient [under section 10(b
• “Although they try mightily to convince us otherwise, it seems to us that plaintiffs here are confusing loss causation ... with transaction causation.”
• “Transaction causation is noth‐ ing but proof that a knowledgeable investor would not have made the investment in question, had she known all the facts.”
• loss causation refers to the fact that the defendant’s actions had something to do with the drop in value

Source: CourtListener parenthetical corpus (CC0).