Zeid v. Kimberley

How courts have described this case

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

• holding that because plaintiff failed to prove the alleged misstatements were false, plaintiff cannot demonstrate any facts \to create an inference that Defendants knew the statements were false\
• holding that because plaintiff failed to prove the alleged misstatements were false, plaintiff cannot demonstrate any facts “to create an inference that Defendants knew the statements were false”
• ruling that allegations of access to internal documents by executives do not amount to contemporaneous facts showing that defendants knew their misleading statements were false when made and thus are insufficient under the PSLRA
• requiring “substantial factual basis” for strong inference of scienter and modifying two-prong test for forward looking statements
• “This method of pleading imposes an unnecessary burden on Defendants and the Court to sort out the alleged misrepresentations and match them with the corresponding ‘adverse facts.’ ”
• “This method of pleading imposes an unnecessary burden on Defendants and the Court to sort out the alleged misrepresentations and match them with the corresponding ‘adverse facts.’ ”

Source: CourtListener parenthetical corpus (CC0).