Walton & Kemp v. Lizardi

How courts have described this case

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

• finding that a complaint adequately pleaded Section 20(a) liability against a defendant that was the “chief executive officer, president, and a director” of the company”
• holding revenue statements later corrected to be valued at 15% less than the original valuation to be false
• finding defendant was “maker” of company press release where he was president, treasurer, secretary, and sole board member of company, and where the release contained statements made by him
• finding actionable misstatement where corporate defendants misattributed the source of their revenue
• finding control and culpability adequately pled, and therefore denying dismissal of a 20(a) claim
• finding allegations of control liability against a defendant who was the creator, majority owner, and a director of the primary violator, and defendant who was the chief executive officer, president, and director, “easily [met] the test”

Source: CourtListener parenthetical corpus (CC0).