United States Second Circuit

A securities fraud action is dismissed as plaintiff's failure to insist that allegedly fraudulent representations be reflected in the written stock purchase agreement leads to the conclusion that a sophisticated investor like plaintiff could not have reasonably relied on them.

Appellate Information

• Argued 12/03/2002
• Decided 09/04/2003
• Published 09/04/2003

Judges

• CARDAMONE, Circuit Judge., Before:  VAN GRAAFEILAND, CARDAMONE, and JACOBS, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Martin Stein, New York, New York (Heller, Horowitz & Feit, P.C., New York, New York, of counsel), for Plaintiff-Appellant.


• For Appellees:
  
• Richard M. Beck, Philadelphia, Pennsylvania (Klehr, Harrison, Harvey, Branzburg & Ellers LLP, Philadelphia, Pennsylvania;  John C. Canoni, Kasowitz, Benson, Torres & Friedman LLP, New York, New York, of counsel), for Defendants-Appellees.