United States Tenth Circuit

Under 15 USC 78u-4(b)(1)(2) of the Private Securities Litigation Reform Act, pleading motive and opportunity, without more, is not sufficient to establish scienter.

Appellate Information

• Decided 09/07/2001
• Published 09/07/2001

Judges

• EBEL, Circuit Judge., Before EBEL, McKAY and CUDAHY, Circuit Judges.

Court

• United States Tenth Circuit

Counsel

• For Appellant:
  
• M. Richard Komins of Barrack Rodos & Bacine, Philadelphia, PA (Leonard Barrack of Barrack Rodos & Bacine, Philadelphia, PA;  Sanford P. Dumain and William C. Fredericks of Milberg Weiss Bershad Hynes & Lerach LLP, New York, NY;  and Robert Nelson of Bass Bass & Nelson, El Reno, OK, with him on the briefs) for Plaintiffs-Appellants.


• For Appellees:
  
• Reid E. Robison of McAfee & Taft, P.C., Oklahoma City, OK (John N. Hermes and James R. Webb of McAfee & Taft, P.C., Oklahoma City, OK;  Tower C. Snow, Jr. and Robert P. Varian of Brobeck, Phleger & Harrison LLP, San Francisco, CA;  and Paul R. Bessette, P.C. of Brobeck, Phleger & Harrison, LLP, Austin, TX, with him on the brief) for Defendants-Appellees.