Eli Wilamowsky v. Take-two Interactive Software, Inc.’s Empirical Analysis
2011
Citation profile
1 federal appellate · 2 district ·
Relationships
Applies 15 U.S.C. § 78J (§ 10 of the Securities Exchange Act of 1934) · 15 U.S.C. § 78T (§ 20 of the Securities Exchange Act of 1934) · 15 U.S.C. § 78U (§ 21d of the Securities Exchange Act of 1934)
Relies on Bell Atlantic Corp. v. Twombly · Ashcroft v. Iqbal · Conley v. Gibson · Basic Inc. v. Levinson · Dura Pharmaceuticals, Inc. v. Broudo
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 7 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“Whether in fact Laser Arms (whose stock was traded in the over-the-counter market) traded in an efficient market is a question of fact. Therefore, resolution of that issue must await presentation of further proof at trial”). Accordingly, the Court will not grant Defendant’s motion to dismiss on the basis that the OTCBB cannot meet the standard for an efficient market as a matter of law. . In order to plead that “the market reacted negatively to a corrective disclosure,” the corrective disclosure in question must”
1 later decision quote this exact passage · from the majority“[s]uch a rationale, however, would call for courts to sidestep analysis of essentially any loss causation pleadings until summary judgment — a result at odds with Dura and the Court's obligation to analyze whether a pleading contains- sufficient 'factual content ... to draw the reasonable inference that the defendant is liable for the misconduct alleged’”
1 later decision quote this exact passage · from the majority“an allegation that but for the claimed misrepresentations or omissions, the plaintiff would not have entered into the detrimental securities transaction.”
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.