United States First Circuit

Dismissal of a federal securities claim was improper where management letters from an accounting firm did not clearly place plaintiff, an investor who held a seat on the company's board of directors and the audit committee, on inquiry notice of possible fraud.

Appellate Information

• Decided 09/10/2002
• Published 09/10/2002

Judges

• SELYA, Circuit Judge., Before BOUDIN, Chief Judge, SELYA, Circuit Judge, and GREENBERG, Senior Circuit Judge.

Court

• United States First Circuit

Counsel

• For Appellant:
  
• David C. Frederick, with whom Mark C. Hansen, Silvija A. Strikis, Leo R. Tsao, Kellogg, Huber, Hansen, Todd & Evans, P.L.L.C., Robert M. Thomas, Jr., and Thomas & Associates were on brief, for appellant.


• For Appellees:
  
• Thomas J. Dougherty, with whom David S. Clancy, Kara E. Fay, and Skadden, Arps, Slate, Meagher & Flom LLP were on brief, for appellee Deloitte & Touche LLP.