Abrams Ymca Llc’s Empirical Analysis
Citation profile
14 district ·
How this case has been cited
Cited by 97 later decisions (1 by the Supreme Court) — most recently July 2024 · most notably Tellabs, Inc. v. Makor Issues & Rights, Ltd. (2007), 406 F. Supp. 2d 433 - In Re Alstom SA Securities Litigation (2005)
14 district ·
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Relationships
Relies on Ernst & Ernst v. Hochfelder · Carol Novak v. Sally Frame · Janas v. McCracken · United States Court of Appeals, Second Circuit · Tuchman v. DSC Communications Corp.
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 97 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“[T]he [] allegations fail to reach the required standard. Plaintiffs point to no allegations that the defendants knew about the internal control problems, only that they should have known based on their corporate positions within the company. . .Also the mere publication of inaccurate accounting figures or failure to follow GAAP, without more, does not establish scienter. The party must know that it is publishing materially false information or must be severely reckless in publishing such information. The plaintiffs point to no specific internal or external report available at the time of the alleged misstatements that would contradict them.”
4 later decisions quote this exact passage · from the majority“[S]evere recklessness can supply the scienter required to prove securities fraud. Severe recklessness is “limited to those highly unreasonable omissions or misrepresentations that involve not merely simple or even inexcusable negligence, but an extreme departure from the standard of ordinary care, and that present a danger of misleading buyers or sellers which is either known to the defendant or is so obvious that the defendant must have been aware of it.””
4 later decisions quote this exact passage · from the majority“the executives of virtually every corporation in the United States would be subject to fraud allegations.”
4 later decisions quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.