United States Second Circuit
Panther Partners Inc. v. Ikanos Communications, Inc., 11-63
In a case alleging violations of sections 11, 12(a)(2), and 15 of the Securities Act of 1933, an order denying leave to amend the complaint is vacated, where the proposed amended complaint plausibly alleged that a defect issue with the defendant's semicondictor chips, and its potential impact on the defendant's business, constituted a known trend or uncertainty that the defendant reasonably expected would have a material unfavorable impact on revenues or income from continuing operations.
Appellate Information
- Decided 05/25/2012
- Published 05/25/2012
Judges
- Barrington D. Parker
Court
- United States Second Circuit
Counsel
- For Appellant:
- Susan K. Alexander, James N. Kramer