SHELTON
v.
GREATER CLEVELAND REGIONAL TRANSIT AUTHORITY

U.S. | 1990-10-29
No. 90-430
498 U.S. 941 Supreme Court of the United States (1990) Positive Treatment
Cited by 1 case

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    …n other than the differences between the two statements of the firm’s condition.... Investors must point to some facts suggesting that the difference is attributable to fraud. DiLeo v. Ernst & Young, 901 F. 2d 624, 627 (7th Cir.1990), cert. denied, 498 U.S. 941, 111 S.Ct. 347, 112 L.Ed.2d 312 (1990). As noted, the only allegations suggesting that the statements were false when made are those concerning the accounting fraud at AAA. Because we have determined that the accounting fraud allegations were not pl…

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