Holding that stock sales of individual defendants are only indicative of scienter where they are "dramatically out of line with prior trading practices" (quoting In re Apple Computer Sec. Litig., 886 F.2d 1109, 1117 (9th Cir. 1989))
Holding that district court did not abuse discretion in denying motion to amend complaint where "plaintiffs did not attach a proposed amended complaint," leaving district court to "speculate" about how additional facts might amount to a legal claim
15 U.S.C. § 77z-2 Cited 185 times 19 Legal Analyses
Defining "forward-looking" statements as statements that are projections about future financial status, future operations, and future economic performance