United States Tenth Circuit

In a securities fraud class action against an accounting firm claiming improper revenue recognition that materially overstated a corporation's revenues and earnings, the district court's denial of plaintiffs' Rule 60(b) motion is affirmed where the complaint failed to give rise to a cogent and compelling inference that defendant's actions constituted an extreme departure from the standards of ordinary care, or that no reasonable accountant would have made the same decisions if confronted with the same facts.

Appellate Information

• Decided 01/20/2011
• Published 01/20/2011

Judges

• Paul J. Kelly Jr.

Court

• United States Tenth Circuit

Counsel

• For Appellant:
  
• Ira M. Press, Gary F. Bendinger