121 L.Ed.2d 371 (1992). 16 . A material fact is one "that might affect the outcome of the suit under the governing law.” Anderson, 477 U.S. at 250, 106 S.Ct. at 2511. And under the governing law, materiality is defined as what a reasonable investor would consider important in making his investment decision. E.g., TSC Industries, Inc. v. Northway, Inc., 426 U.S. 438, 450, 96 S.Ct. 2126, 2132-33, 48 L.Ed.2d 757 (1976). Recile's statements regarding the long-term financing and leasing status of Place Vendóme clearly qualify as material — the investors were to receive their 100% profit once the property and the long-term financing were acquired. 17 . See, e.g., Matsushita Electric Industrial Co. v. Zenith Radio Corp., 475 U.S. 574, 586-87, 106 S.Ct. 1348, 1355-56, 89 L.Ed.2d 538 (1986) (<HOLDING>). 18 . See, International Shortstop, Inc. v.
holding court obligated to draw all reasonable inferences in plaintiffs favor holding that courts are obligated to draw all reasonable inferences in plaintiffs favor recognizing that police officers can draw inferences from prior experience holding that nonmovant cannot manufacture a factual dispute by asking a court to draw inferences contrary to the evidence recognizing the courts obligation to assume all factual allegations to be true and to draw all reasonable inferences in plaintiffs favor