United States Second Circuit
Ashland Inc. v. Morgan Stanley and Co., 1225631
In a Section 10(b) Securities and state law action arising from plaintiffs' purchase and retention of auction rate securities, Rule 12(b) (6) dismissal by the district court is affirmed where plaintiffs' failed to plead reasonable reliance on defendant's alleged misrepresentations.
Appellate Information
- Decided 07/28/2011
- Published 07/28/2011
Judges
- WINTER
Court
- United States Second Circuit
Counsel
- For Appellant:
- CHRISTOPHER P. JOHNSON, JOHN K. CARROLL