United States Third Circuit
GSC PARTNERS CDO FUND v. WASHINGTON, 03-2347
In alleging that defendants' offering circular was false and misleading, plaintiffs have failed to satisfy the heightened pleading requirements of Rule 10b-5 of the Securities Exchange Act; dismissal of the action is affirmed.
Appellate Information
- Argued 12/19/2003
- Decided 05/17/2004
- Published 05/17/2004
Judges
- Before ROTH, McKEE and CUDAHY, Circuit Judges.
Court
- United States Third Circuit
Counsel
- For Appellant:
- Howard J. Kaplan, (Argued), Stanley S. Arkin, New York, Bruce H. Snyder, Sheppard A. Guryan, Lasser Hochman, Roseland, for Appellants.
- For Appellees:
- Shannon M. Kasley, Beth Heiftz, (Argued), Adrian Wager-Zito, Megyn M. Kendall, Jones Day, Washington, Robinson B. Lacy, (Argued), Sullivan & Cromwell LLP, New York, Anthony J. Marchetta, Pitney, Hardin, Kipp & Szuch LLP, Morristown, Christopher J. Carey, David Blackwell, Graham, Curtin & Sheridan, Morristown, George T. Manning, Jones Day, Atlanta, for Appellees.