Legal Opinion
Miller Inv. Trust v. Morgan Stanley & Co.
District Court, District of Columbia
Decided March 30, 2018No. CIVIL ACTION NO. 11–12126–DPWPublishedCited by 7 opinions
1Opinion of the Court
DOUGLAS P. WOODLOCK, UNITED STATES DISTRICT JUDGE
TABLE OF CONTENTS
I. FACTUAL BACKGROUND...419
A. Shengda's Note Offering and the Plaintiffs' Purchases ...419
B. KPMG-HK's Realization of Shengda's Overvaluation and Shengda's Bankruptcy ...420
C. Alleged Misrepresentations by KPMG-HK ...421
D. Impact of Misrepresentations on the Plaintiffs ...422
II. PROCEDURAL HISTORY...422
III. STANDARD OF REVIEW...425
IV. DISCUSSION...425
A. Section 18 Claim ...425
1. Pleading Requirements...425
2. False or Misleading Statements...427
a. Conformance of KPMG-HK's Audit of Shengda's Financial Statements and Internal…
2Cases cited96 opinions
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- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
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3Cited by7 opinions
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