United States Tenth Circuit

Dismissal of a claim brought by institutional investors in a company against its former independent auditors under Section 18(a) of the Securities Exchange Act of 1934 is affirmed where plaintiffs failed to plead, with the requisite level of particularity required by the Private Securities Litigation Reform Act (PSLRA), all the elements of their section 18(a) claim.

Appellate Information

• Decided 07/21/2006
• Published 07/24/2006

Judges

• KELLY, Circuit Judge., Before KELLY, TYMKOVICH, Circuit Judges and EAGAN, District Judge.

Court

• United States Tenth Circuit

Counsel

• For Appellant:
  
• Stephen P. Horvat, (Thomas R. Karrenberg and Scott A. Call, on the briefs), Anderson & Karrenberg, Salt Lake City, UT, for Plaintiffs-Appellants.


• For Appellees:
  
• Brent O. Hatch, Hatch, Dodge & James, P.C., Salt Lake City, Utah, (and Richard R. Nelson, II, Cohen & Grigsby, P.C., Pittsburgh, PA, on the brief), for Defendants-Appellees.