United States Eleventh Circuit

Officer's public statement that company sold a division for strategic reasons and not because of credit problems is not a forward looking statement, but requires contextual allegations to determine if they were made with the necessary scienter to support securities claim.

Appellate Information

• Decided 07/11/2001
• Published 07/11/2001

Judges

• KRAVITCH, Circuit Judge:, Before EDMONDSON, HILL and KRAVITCH, Circuit Judges.

Court

• United States Eleventh Circuit

Counsel

• For Appellant:
  
• Martin D. Chitwood,Alan Rogers Perry, Jr., Chitwood & Harley, Atlanta, GA, Kenneth J. Vianale, Milberg, Weiss, Bershad, Specthrie & Lerach, Boca Raton, FL, for Plaintiffs-Appellants.


• For Appellees:
  
• Emmet J. Bondurant, Bondurant, Mixson & Elmore, John A. Sherrill, Glass, McCullough, Sherrill & Harrold, Oscar N. Persons, Dana C. Siragusa, Edward Bryan Krugman, Alston & Bird, Thomas S. Richey, John R. Bielema, Jr., Powell, Goldstein, Frazer & Murphy, LLP, Atlanta, GA, Martin Flumenbaum, New York, City, Tracy Anbinder Baron, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, Richard H. Goldberg, Friedlob, Sanderson, Paulson & Tourtillott, LLC, Denver, CO, for Defendants-Appellees.