Monday, May 06, 2013

Eleventh Circuit -- Montgomery County Employees' Retirement Fund v. Vitacost.com, Inc., et al.

Securities -- statements did not materially mislead.

Plans to terminate the CEO did not alter the total mix of information, as the CEO's role was explicitly limited while under investigation.

Unannounced relocation of principal place of business doesn't state a claim.

Knowledge of all FDA violations is not imputed to he company after citation for only a few of them.

Meaningful cautionary language and lack of fore-knowledge TKO growth predictions claim.

Montgomery County Employees' Retirement Fund v. Vitacost.com, Inc., et al.
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.