United States Second Circuit

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Employees' Retirement System of the Government of the Virgin Islands v. Green Mountain Coffee Roasters, Inc., 14-199

In a putative securities class action brought by five employee retirement systems that purchased or otherwise acquired common stock in defendant, the manufacturer of the Keurig single‐cup brewing system, alleging fraud claims, the district court's grant of defendants-appellees' motions to dismiss is vacated and remanded where the complaint sufficiently alleges misleading statements of material fact and a compelling inference of scienter.

Appellate Information

  • Decided 07/24/2015
  • Published 07/24/2015

Judges

  • CHIN

Court

  • United States Second Circuit

Counsel