United States Eleventh Circuit

Denial of motion to dismiss complaint is reversed as to those portions of the complaint involving defendants' dissemination of WorldCom's fraudulent financial statements as such dissemination warrants absolute immunity since it is undertaken pursuant to defendants' regulatory authority to remove impediments and perfect the free market.

Appellate Information

• Decided 11/01/2006
• Published 11/01/2006

Judges

• BARKETT, Circuit Judge:, Before EDMONDSON, Chief Judge, and TJOFLAT, ANDERSON, BIRCH, DUBINA, BLACK, CARNES, BARKETT, HULL, MARCUS, WILSON and PRYOR, Circuit Judges.

Court

• United States Eleventh Circuit

Counsel

• For Appellees:
  
• Douglas R. Cox, Michael James Edney, Gibson, Dunn & Crutcher, LLP, Washington, DC, David Scott Mandel, Mandel & Mandel, LLP, Miami, FL, for Defendants-Appellants., Steven I. Weissman, Hollywood, FL, David Allan Freedman, Burlington, Weil, Schwiep, Kaplan, Miami, FL, for Plaintiff-Appellee.