United States Second Circuit
LEVITT v. BEAR STEARNS & CO., INC., 02-7860
The district court's conclusion, that there were sufficient "storm warnings" that would have caused a reasonably prudent investor to discover defendants' alleged role in a scheme at least one year before plaintiffs filed their class action complaint, is not supported by the facts contained in the pleadings; complaint is no longer time barred.
Appellate Information
- Decided 08/13/2003
- Published 08/13/2003
Judges
- MINER, Circuit Judge., Before: WALKER, Chief Judge, and MINER and KATZMANN, Circuit Judges.
Court
- United States Second Circuit
Counsel
- For Appellant:
- Leslie Trager,Morley and Trager, New York, NY, for Plaintiffs-Appellants.
- For Appellees:
- Peter L. Zimroth, Arnold & Porter, New York, NY, (Michael D. Schissel and David A. Weintraub, Arnold & Porter, New York, NY, Stephen M. Sacks and Scott B. Schreiber, Arnold & Porter, Washington, DC, on the brief), for Defendants-Appellees.