United States Third Circuit

Dismissal of shareholder plaintiffs' class action complaint on statute of limitations grounds in a securities fraud case involving a long term capital growth fund against an investment advisor and individuals is affirmed where plaintiffs were on inquiry notice of their claims more than one year prior to filing suit.

Appellate Information

• Decided 01/13/2006
• Published 01/13/2006

Judges

• Before BARRY and AMBRO, Circuit Judges, and POLLAK, District Judge.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• James Bonner, Shalov, Stone & Bonner, New York, NY, for Appellants Patrick J. Goggins, Laura H. Goggins, and Fred B. Voigt.


• For Appellees:
  
• Mark A. Kirsch, James F. Moyle, Jason A. D'Angelo, Clifford Chance US, New York, N.Y. and Herbert J. Stern, Stern & Kilcullen, Roseland, NJ, for Appellees Alliance Cap. Mgmt., John D. Carifa, Alfred Harrison, and Mark D. Gersten., G. Stewart Webb, Jr., Venable, Baltimore, MD and John L. Hardiman, Sullivan & Cromwell, New York, NY, for Appellees Alliance Premier Growth Fund, Ruth Block, David H. Dievler, John H. Dobkin, William H. Foulk, Jr., James M. Hester, Clifford L. Michel, and Donald J. Robinson.