United States Second Circuit

Under 15 USC 78u-4(b)(2) of the Private Securities Litigation Reform Act, an allegation that corporate officers did not disclose the ability of a large shareholder to pursue a better buyout offer for the company does not sufficiently support the scienter requirement.

Appellate Information

• Decided 09/05/2001
• Published 09/05/2001

Judges

• F.I. PARKER, Circuit Judge:, Before: FEINBERG, CARDAMONE, and F.I. PARKER, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Arthur N. Abbey,Abbey, Gardy & Squitieri, LLP, New York, N.Y. (Stephen J. Fearon, Jr., on the brief) for Plaintiff-Appellant.


• For Appellees:
  
• Dennis J. Block, Cadwalader, Wickersham & Taft, New York, N.Y. (Jason M. Halper, Jennifer L. Hurley, on the brief) for Defendants-Appellees.