Susan R. Wexner v. First Manhattan Co., John R. Loomis and Joseph Stein, Jr., Individually and as Co-Partners of First Manhattan Company

How courts have described this case

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

• noting that failure to plead a strong inference of fraud “will not satisfy even a relaxed pleading standard”
• noting that the exception to the strictures of Rule 9(b) “must not be mistaken for license to base claims of fraud on speculation and conclusory allegations”
• finding Luce and DiVittorio “must not be mistaken for license to base claims of fraud on speculation and conclusory allegations.”
• affirming dismissal for failure to satisfy Rule 9(b) because purported fraud claim “cannot be based on allegations which are themselves speculative”
• “Where pleading is permitted on information and belief, a complaint must adduce specific facts supporting a strong inference of fraud or it will not satisfy even a relaxed pleading standard.”
• ʺWhere 12 pleading is permitted on information and belief, a complaint must [still] adduce 13 specific facts supporting a strong inference of fraud or it will not satisfy even a 14 relaxed pleading standard.ʺ

Source: CourtListener parenthetical corpus (CC0).