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SINGH v. CIGNA CORP.

No. 17-3484-cv August Term 2018.

918 F.3d 57 (2019)

Minohor SINGH, Individually and On Behalf of All Others Similarly Situated, Lead Plaintiff-Appellant, v. CIGNA CORPORATION, David Cordani, Thomas A. McCarthy, Herbert A. Fritch, Richard Appel, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: March 5, 2019.

Attorney(s) appearing for the Case

David J. Goldsmith ( James W. Johnson , Michael H. Rogers , James T. Christie , on the brief) Labaton Sucharow LLP, New York, NY, for Plaintiff-Appellant.

Andrew W. Stern ( James O. Heyworth , Francesca E. Brody , on the brief) Sidley Austin LLP, New York, NY, for Defendant-Appellee.

Before: Cabranes and Sack, Circuit Judges, and Koeltl, District Judge.

This case presents us with a creative attempt to recast corporate mismanagement as securities fraud. The attempt relies on a simple equation: first, point to banal and vague corporate statements affirming the importance of regulatory compliance; next, point to significant...

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