do so under existing accounting principles articulated in Statement of Position 97-2. The Company’s previously reported revenues and operating results were not revised principally to conform with Staff Accounting Bulletin 101 in advance of its required implementation by March 31, 2000. (¶ 60.) 41 . MicroStrategy Brief, at 11 n. 6. 42 . See supra notes 10-15 and accompanying text. 43 . See, e.g., Phillips, 190 F.3d at 621; San Leandro Emergency Med. Group Profit Sharing Plan v. Philip Morris Cos., 75 F.3d 801, 813 (2d Cir.1996); In re Time Warner, 9 F.3d at 269; Rehm v. Eagle Finance Corp., 954 F.Supp. 1246, 1253 (N.D.Ill.1997). 44 . As is also the case with pleadings of GAAP violations or restatements of financials, however, it is not the case 898 F.Supp. 974, 980 n. 4 (E.D.N.Y.1995) (<HOLDING>); with In re Silicon Graphics Inc. Sec. Litig.,
holding in action for breach of contract caused by wrongful foreclosure and sale of shares of stock plaintiff was entitled to recover the fair market value of the stock at the time of its sale holding that collective sales of 10 insufficient to raise strong inference of conscious fraud holding that where knowledgeable insiders did not sell stock at a time that would have taken advantage of allegedly fraudulent statements there was not a strong inference of scienter holding that sales of corporate stock by six individual defendants for a total of approximately 4200000 were sufficient to support inference of scienter against them under prepslra pleading standard holding that stock sales by one defendant of approximately 8000 shares for profit of 173000 raised strong inference of fraudulent intent