United States First Circuit

Sufficient particularity, including those made by confidential sources, will permit a private securities fraud complaint under the Private Securities Litigation Reform Act complaint to go forward. The "entanglement test" is the correct approach to require plaintiff to demonstrate defendants' involvement with third-party statements.

Appellate Information

• Decided 11/12/2002
• Published 11/12/2002

Judges

• LYNCH, Circuit Judge., Before LYNCH, Circuit Judge, COFFIN and CYR, Senior Circuit Judges.

Court

• United States First Circuit

Counsel

• For Appellant:
  
• Sanford P. Dumain with whom William C. Fredericks, Bruce D. Bernstein, Milberg Weiss Bershad Hynes & Lerach LLP, Herbert E. Milstein, Mark S. Willis, Cohen, Milstein, Hausfeld & Toll, P.L.L.C., Jules Brody, Mark Levine, and Stull Stull & Brody were on briefs for appellants.


• For Appellees:
  
• Harvey J. Wolkoff with whom Robert G. Jones, David C. Potter, Ropes & Gray, Wilbur A. Glahn III, and McLane, Graf, Raulerson & Middleton were on brief for appellees.