State v. Midland

How courts have described this case

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

• holding that there is no Section 20(a) liability without a primary violation
• holding that company’s statement that it “believe[s] that Food Lion’s Extra Low Prices and its clean and conveniently located stores are especially well suited to the demands of our customers” was immaterial puffery and could not form the basis of a Section 10(b) claim
• holding that Food Lion’s statement of “[w]e believe that Food Lion’s Extra Low Prices and its clean and conveniently located stores are especially well suited to the demands of our customers” were inactionable puffery that reasonable investors would not have relied upon
• requiring a material statement to be false or misleading to make out a claim for securities fraud

Source: CourtListener parenthetical corpus (CC0).