United States Second Circuit
Pension Comm. of the Univ. of Montreal Pension Plan v. CITCO Fund Serv., 07-3527
District court judgment dismissing plaintiffs' claims and ruling that plaintiffs failed to satisfy their burden of pleading proximate causation for their losses is vacated and remanded where the complaint plausibly and in adequate detail set forth the allegations and pled that defendant Banc of America Securities aided and abetted frauds and breaches of fiduciary duty in a manner which proximately caused losses to the plaintiffs.
Appellate Information
- Decided 06/09/2009
- Published 06/09/2009
Judges
- LEVAL, Circuit Judge:, Before: LEVAL and B.D. PARKER, Circuit Judges.
Court
- United States Second Circuit
Counsel
- For Appellant:
- Scott M. Berman, Friedman Kaplan Seiler & Adelman LLP, New York, NY, (Anne E. Beaumont, Amy C. Brown, on the brief), for Plaintiffs-Appellants.
- For Appellees:
- Peter K. Vigeland, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, (Dawn M. Wilson, on the brief), for Defendant-Appellee.