United States Third Circuit

Because of the high pleading burden and strict discovery restrictions in the Private Securities Litigation Reform Act, plaintiffs must be allowed an opportunity to amend their complaint upon locating new material evidence.

Appellate Information

• Argued 05/01/2001
• Decided 09/27/2001
• Published 09/27/2001

Judges

• Before MANSMANN, NYGAARD and ROSENN, Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Richard W. Gladstone, II (Argued), Jill M. Szafranski, Lauren E. Lindh, Eckert Seamans Cherin & Mellott, LLC, Pittsburgh, PA, Counsel for Appellants.


• For Appellees:
  
• James S. Larrimer, Marcus & Shapira, Pittsburgh, PA, Robert E. Zimet (Argued), Skadden Arps Slate Meagher & Flom LLP, Mitchell A. Karlan, Gibson, Dunn & Crutcher LLP, New York, NY, James J. Restivo, Reed Smith Shaw & McClay LLP, Pittsburgh, PA, Larry K. Elliot, Cohen & Grigsby, P.C., Pittsburgh, PA, Counsel for Appellees.