In re Digital Island Securities Litigation’s Empirical Analysis
357 F.3d 322 · 2004
Citation profile
14 federal appellate · 14 district ·
How this case has been cited
Cited by 51 later decisions — most recently January 2023 · most notably Winer Family Trust v. Queen (2007), California Public Employees' Retirement System v. Chubb Corp. (2004)
14 federal appellate · 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 Foman v. Davis · Ernst & Ernst v. Hochfelder · In re Burlington Coat Factory Securities Litigation · Matsushita Electric Industrial Co. v. Epstein · Kost v. Kozakiewicz
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 51 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“A duty to affirmatively disclose `may arise when there is insider trading, a statute requiring disclosure,' or ... `an inaccurate, incomplete or misleading prior disclosure.'”
3 later decisions quote this exact passage · from the majority“A reckless statement is one involving not merely simply or even inexcusable negligence, but an extreme departure from the standards of ordinary care, and which presents a danger of misleading buyers or sellers that is either known to the defendant or is so obvious that the actor must have been aware of it. We also note that scienter can be alleged by stating with particularity facts giving rise to a strong inference of conscious wrongdoing, such as intentional fraud or other deliberate illegal behavior”
1 later decision quote this exact passage · from the majority“in any private action arising under this chapter in which the plaintiff may recover money damages only on proof that the defendant acted with a particular state of mind, the complaint shall, with respect to each act or omission alleged to violate this chapter, state with particularity facts giving rise to a strong inference that the defendant acted with the required state of mind.”
1 later decision 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.