Irving A. Backman v. Polaroid Corp., Irving A. Backman v. Polaroid Corp., 893 F.2d 1405 (1st Cir. 1990). · Go Syfert
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Irving A. Backman v. Polaroid Corp., Irving A. Backman v. Polaroid Corp., 893 F.2d 1405 (1st Cir. 1990). Cases Citing This Book View Copy Cite
“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.”
10 citation events (10 in the last 25 years) across 4 distinct courts.
Top citers, strongest first. 7 distinct citers. How cited ↗
discussed Cited as authority (verbatim quote) Securities and Exchange Commission v. AT&T Inc. (2×) also: Cited "see"
S.D.N.Y. · 2022 · quote attribution · 1 verbatim quote · confidence high
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.
discussed Cited as authority (verbatim quote) Savoy v. Boston Private Financial Holdings, Inc.
D. Mass. · 2022 · quote attribution · 1 verbatim quote · confidence high
the reasonable investor would not consider withheld information to be important if it were already widely known to the market.
examined Cited as authority (rule) Paraflon Investments, Ltd. v. Fullbridge, Inc. (3×) also: Cited "see"
D. Mass. · 2019 · confidence medium
Good faith, however, is a defense to scienter because “defendant[s] cannot intend to deceive if [they] acted in good faith.” Backman v. Polaroid Corp., 893 F.2d 1405, 1418 (1st Cir. 1990). c.
discussed Cited as authority (rule) Securities & Exchange Commission v. Ferrone
N.D. Ill. · 2016 · confidence medium
Ernst & Ernst v. Hochfelder, 425 U.S. 185, 206 , 96 S.Ct. 1375 , 47 L.Ed.2d 668 (1976) (“There is no indication that Congress intended anyone to be made liable for such practices unless he acted other than in good faith.”); see also Gebhart v. SEC, 595 F.3d 1034, 1042 (9th Cir.2010); In re Ikon Office Sols., Inc., 217 F.3d 658, 670 (3d Cir.2002); Backman v. Polaroid Corp., 893 F.2d 1405, 1418 (1st Cir.1990); In re Apple Computer Sec.
cited Cited as authority (rule) In Re Vivendi Universal, S.A. Securities Litigation
S.D.N.Y. · 2011 · confidence medium
Feb. 13, 2008); Backman v. Polaroid Corp., 893 F.2d 1405, 1408 (1st Cir.1990), there is no indication that the defendants in either of those cases sought to challenge issues of individual reliance.
cited Cited as authority (rule) Akamai Technologies, Inc. v. Deutsche Bank Ag
D. Mass. · 2011 · confidence medium
Backman v. Polaroid Corp., 893 F.2d 1405, 1414 (1st Cir.1990). 36 .
discussed Cited as authority (rule) City of Dearborn Heights Act 345 Police & Fire Retirement System v. Waters Corp.
1st Cir. · 2011 · confidence medium
Corp., 553 F.2d 1033 , 1045 & n. 20 (7th Cir. 1977); see also SEC v. Platforms Wireless Int’l Corp., 617 F.3d 1072 , 1093 (9th Cir. 2010) (discussing the two part — objective and subjective — test for scienter); Bachman v. Polaroid Corp., 893 F.2d 1405, 1418 (1st Cir. 1990) (discussing the good faith defense). 4 .
Retrieving the full opinion text from the archive…
Irving A. Backman
v.
Polaroid Corporation, Irving A. Backman v. Polaroid Corporation
89-1171.
Court of Appeals for the First Circuit.
Jan 23, 1990.
893 F.2d 1405
Cited by 7 opinions  |  Published

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