Trahan v. Interactive Intelligence Grp., Inc.

How courts have described this case

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

• holding loss causation not pled by allegation that share price was “depressed” on the date of sale causing damages of “the difference between the price Interactive shareholders received and Interactive’s true value at the time of [the Merger].”
• rejecting argument that forecasts in proxy were false because they were \not commensurate with\ defendants' prior, more hopeful and optimistic statements
• compiling cases from several circuits, all of which holding that assumptions and inputs in financial analyses are immaterial when disclosed to stockholders and thus cannot support a Section 14(a) claim, which requires material misrepresentation
• “[A]pproval of the Merger can only have proximately caused economic loss if the shareholders’ hope [that the company would prove more valuable than the merger consideration implied] would have been realized...”
• applying Omnicare to a Section 14(a) claim

Source: CourtListener parenthetical corpus (CC0).

Cited by

1 case in this archive cites this case.

• Golub v. Gigamon Inc.
  N.D. California· 2019-03-12· cited 10×

Cites

35 cases in this archive are cited by this case; the 20 most cited are listed.

• Ashcroft v. Iqbal
  Supreme Court· 2009-05-18· cited 149,772×
• In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald Abramoff
  Third Circuit· 1997-06-10· cited 4,496×
• TSC Industries, Inc. v. Northway, Inc.
  Supreme Court· 1976-06-14· cited 2,447×
• Eminence Capital, Llc, and Jay Spechler v. Aspeon, Inc. Richard P. Stack
  Ninth Circuit· 2003-01-21· cited 2,332×
• Dura Pharmaceuticals, Inc. v. Broudo
  Supreme Court· 2005-04-19· cited 2,236×
• Charles Kowal v. MCI Communications Corporation
  D.C. Circuit· 1994-03-01· cited 1,980×
• Mills v. Electric Auto-Lite Co.
  Supreme Court· 1970-01-26· cited 1,683×
• General Electric Capital Corporation v. Lease Resolution Corporation
  Seventh Circuit· 1997-10-24· cited 782×
• Pirelli Armstrong Tire Corp. Retiree Medical Benefits Trust v. Walgreen Co.
  Seventh Circuit· 2011-01-21· cited 698×
• George McReynolds v. Merrill Lynch
  Seventh Circuit· 2012-09-11· cited 685×
• Virginia Bankshares, Inc. v. Sandberg
  Supreme Court· 1991-06-27· cited 584×
• Omnicare, Inc. v. Laborers Dist. Council Constr. Industry Pension Fund
  Supreme Court· 2015-03-24· cited 523×
• Kleinman v. Elan Corp., plc
  Second Circuit· 2013-02-01· cited 278×
• Makor Issues & Rights, Ltd. v. Tellabs Inc.
  Seventh Circuit· 2008-01-17· cited 257×
• Robert Yeftich v. Navistar, Inc.
  Seventh Circuit· 2013-06-18· cited 196×
• Harrison v. Dean Witter Reynolds, Inc.
  Seventh Circuit· 1992-09-08· cited 161×
• Police Retire. Sys of St Louis v. Intuitive Surgical, Inc.
  Ninth Circuit· 2014-07-16· cited 129×
• Brian Asher v. Baxter International Incorporated
  Seventh Circuit· 2004-09-03· cited 75×
• In Re Netsmart Technologies, Inc. Shareholders Litigation
  Court of Chancery of Delaware· 2007-03-14· cited 73×
• Beck v. Dobrowski
  Seventh Circuit· 2009-03-20· cited 60×