United States Third Circuit

Dismissal of securities laws, fraud, and misrepresentation claims against a now-defunct cheese making company's former directors and officers, its auditor, and several investment firms is reversed in part as to dismissal of claims under sections 11, 12(a)(2), and 15 of the Securities Act of 1933 and section 10(b) of the Securities and Exchange Act of 1934 as to specific defendants.

Appellate Information

• Decided 02/23/2006
• Published 02/23/2006

Judges

• Before SLOVITER, BARRY, and SMITH, Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Daniel L. Berger (Argued), J. Erik Sandstedt, Bernstein, Litowitz, Berger & Grossman, LLP, New York, NY, for Appellant Teachers' Retirement System of Louisiana., Lawrence M. Rolnick (Argued), Lowenstein Sandler P.C., Roseland, NJ, Marc B. Kramer (Argued), Short Hills, NJ, for Appellants Special Situations Fund, III, L.P. and Special Situations Cayman Fund, L.P.


• For Appellees:
  
• Phillip A. Geraci (Argued), Frederic W. Yerman, Kaye Scholer, New York, NY, Diane J. O'Neil, Mendes & Mount, Newark, NJ, Michael T. Conway, Lazare, Potter, Giacovas & Kranjac, New York, NY, for Appellees Mark Cocchiola and Marco Cocchiola., Nancy E. Delaney (Argued), T. Barry Kingham, Dora Straus, Curtis, Mallet-Prevost, Colt & Mosle, LLP, New York, NY, for Appellee Steven Venechanos., William J. Snipes (Argued), Sullivan & Cromwell, LLP, New York, NY, Charles J. Benjamin, Jr., McCarter & English, LLP, Newark, NJ, for Appellees Rudolph Acosta, Paul DeSocia, and Barry Rutcofsky., Ira G. Greenberg (Argued), Edwards, Angell, Palmer & Dodge, New York, NY, for Appellee BDO Seidman, LLP., Robert L. Hickok (Argued), Pepper Hamilton LLP, Philadelphia, PA, for Appellees Roth Capital Partners, LLC, Janney Montgomery Scott, LLC, and Pacific Growth Equities, Inc., Thomas B. Lewis, Stark & Stark, Princeton, NJ, for Appellee Oberweis.net., Anthony P. La Rocco, Kirkpatrick & Lockhart Nicholson Graham LLP, Newark, NJ, Keith A. Ketterling, Stoll Stoll Berne Lokting & Shlachter PC, Portland, OR, for Appellee Paulson Investment Company, Inc., Robert A. Assuncao, DLA Piper Rudnick Gray Cary U.S. LLP, Edison, NJ, for Appellee Westminster Securities Corp., Nooshin Namazi (Argued), Kevin J. O'Malley, Nicoletti Hornig Campise & Sweeney, New York, NY, for Appellee Westport Resources Investment Services, Inc.