Tricontinental Industries, Limited and Tricontinental Distribution, Limited v. Pricewaterhousecoopers, LLP

How courts have described this case

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

• holding that to plead loss causation plaintiff had to allege that the defendant’s “material misrepresentation [ ] caused [the plaintiff] to suffer a loss when that material misrepresentation ‘became generally known’ ”
• holding that to plead loss causation plaintiff had to allege that the defendant’s “material misrepresentation [ ] caused [the plaintiff] to suffer a loss when that material misrepresentation ‘became generally known’ ”
• applying Rule 9(b) as the pleading standard for all elements of a securities fraud claim without discussion
• declaring the basic elements of common law fraud are: “(1) a false statement of material fact; (2) defendant’s knowledge that the statement was false; (3) defendant’s intent that the statement induce the plaintiff to act; (4
• declaring the basic elements of common law fraud are: “(1) a false statement of material fact; (2) defendant’s knowledge that the statement was false; (3) defendant’s intent that the statement induce the plaintiff to act; (4
• “We therefore must examine the necessary elements of a negligent misrepresentation claim . . . . This claim is not governed by the heightened pleading standard of Rule 9(b).”

Source: CourtListener parenthetical corpus (CC0).