Irving A. Backman v. Polaroid Corporation, Irving A. Backman v. Polaroid Corporation
893 F.2d 1405 · Court of Appeals for the First Circuit · Jan 23, 1990
Full text
Irving A. Backman v. Polaroid Corporation, Irving A. Backman v. Polaroid Corporation
893 F.2d 1405w
58 USLW 2464, Fed. Sec. L. Rep. P 94,899
Irving A. BACKMAN, et al., Plaintiffs, Appellees, v. POLAROID CORPORATION, Defendant, Appellant. Irving A. BACKMAN, et al., Plaintiffs, Appellants, v. POLAROID CORPORATION, Defendant, Appellee.
Nos. 89-1171, 89-1172.
United States Court of Appeals, First Circuit.
Heard Sept. 7, 1989. Decided Jan. 23, 1990. As Amended Jan. 23, 1990.
NOTE: THE COURT HAS WITHDRAWN THIS OPINION
First Circuit · Jan 20, 2011
Parentheticals
“[T]he reasonable investor would not consider withheld information to be important if it were already widely known to the market.”
“Hard facts indicating that lower than projected sales actually are occurring clearly constitute material information vis-A-vis mere predictions by analysts of the likelihood of sales difficulties.”
