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21
Dura Pharma v. Broudo (notes)
Securities fraud action, co. inflated value of stock due to misrepresentations. Stock lost value after co. announced earnings were lower than expected. Shareholders claim dismissed.
H - They didn't show cause - that the misrepresentations caused their loss in value. Not a heightened pleading requirement, but a simple 8(a)(2) deficiency - no relief can be granted if no cause.
H - They didn't show cause - that the misrepresentations caused their loss in value. Not a heightened pleading requirement, but a simple 8(a)(2) deficiency - no relief can be granted if no cause.
Tags: Pleading, Specificity
Source:
Source:
Flashcard info:
Author: stgillian
Main topic: Law
Topic: Civil Law
School / Univ.: Tulane
City: New Orleans, LA
Published: 02.03.2010