Vaughn Leroy Meyer v. JinkoSolar Holding Co.

How courts have described this case

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

• holding that a company's statements regarding specific compliance measures were misleading since the company knew those measures were failing to prevent regulatory violations
• holding that discussion about pollution-abatement efforts that “gave comfort to investors that reasonably effective steps were being taken to comply with applicable environmental regulations” triggered requirement to disclose known “substantial violations of [those] regulations”
• explaining that a corporation is not required “to disclose a fact in the offering documents merely because a reasonable investor would very much like to know that fact” (citation and quotation marks omitted)
• acknowledging the defendant company did not guarantee compliance and stating “[s]uch compliance may often be unobtainable, and reasonable investors may be deemed to know that”
• noting a “technically true” statement regarding compliance was nonetheless misleading due to omission regarding existing problems
• affirming denial of summary judgment because trier of fact could find omissions regarding ongoing compliance violations may have \render[ed] misleading the comforting statements ... about compliance measures\

Source: CourtListener parenthetical corpus (CC0).