784 F. Supp. 1471 - In Re Verifone Securities Litigation’s Empirical Analysis
1992
Citation profile
23 federal appellate · 9 district · 2 state decisions
How this case has been cited
Cited by 91 later decisions — most recently June 2018 · most notably Kowal v. MCI Communications Corp. (1994), Shaw v. Digital Equipment Corp. (1996)
23 federal appellate · 9 district · 2 state decisions
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
Applies 15 U.S.C. § 77K (§ 11 of the Securities Act of 1933) · 15 U.S.C. § 78T (§ 20 of the Securities Exchange Act of 1934) · 15 U.S.C. § 78T (§ 20a of the Securities Exchange Act of 1934)
Relies on Ernst & Ernst v. Hochfelder · Papasan v. Allain · Simon v. Eastern Kentucky Welfare Rights Organization · Basic Inc. v. Levinson · O'Shea v. Littleton
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 91 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
““Issuers need not reveal all projections. Any firm generates a range of estimates internally or through consultants. It may reveal the projection it thinks best while withholding others, so long as the one revealed has a ‘reasonable basis’ — a question on which other estimates may reflect without automatically depriving the published one of foundation.””
5 later decisions quote this exact passage · from the majority“In order to be liable for unreasonably disclosed third-party forecasts, defendants must have put their imprimatur, express or implied, on the projections.”
3 later decisions quote this exact passage · from the majority“Any person who violates any provision of this chapter or the rules or regulations thereunder by purchasing or selling a security while in possession of material, nonpublic information shall be liable ... to any person who, contemporaneously with the purchase or sale of securities that is the subject of such violation, has purchased ... or sold ... securities of the same class.”
2 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.