United States Second Circuit

In a securities fraud action challenging one allegedly misleading statement made in the defendants' May 15, 2001 quarterly report, dismissal of the complaint is affirmed where the alleged misleading statement was a forward-looking statement that was protected by the safe harbor of the Private Securities Litigation Reform Act.

Appellate Information

• Argued 10/19/2009
• Decided 05/18/2010
• Published 05/18/2010

Judges

• KATZMANN, Circuit Judge:, Before CALABRESI and KATZMANN, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Kent A. Bronson (Sanford P. Dumain, Arthur R. Miller, of counsel), Milberg LLP, New York, NY; Christopher Lovell and Imtiaz A. Siddiqui, Lovell Stewart Halebian LLP, New York, NY; Law Offices of Lawrence G. Soicher, New York, NY, for Plaintiffs-Appellants., Michael A. Conley, Deputy Solicitor (Mark D. Cahn, Deputy General Counsel, Jacob H. Stillman, Solicitor, Dominick V. Freda, Senior Counsel, of counsel), Securities and Exchange Commission, Washington, DC, for amicus curiae Securities and Exchange Commission.


• For Appellees:
  
• Robert E. Zimet (Susan Saltzstein, Christopher P. Malloy, William F. Clarke, Jr., Irene M. Ten Cate, Daniel M. Gonen, of counsel), Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY, for Defendants-Appellees.