United States Eleventh Circuit

Plaintiffs were not put on inquiry notice of securities fraud when defendant continued to give Ask Jeeves stock a "strong buy" recommendation despite a steep decline in the share price; the price drop to $24 could have resulted from reasons other than fraud. Thus, the district court erred in finding plaintiffs' complaint time-barred.

Appellate Information

• Decided 01/30/2004
• Published 01/30/2004

Judges

Court

• United States Eleventh Circuit

Counsel