United States Fourth Circuit

Dismissal of plaintiff-shareholders' securities fraud action is affirmed where they failed to plead falsity with particularity as required by the Private Securities Litigation Reform Act.

Appellate Information

• Decided 12/02/2004
• Published 12/02/2004

Judges

• Before WIDENER and DUNCAN, Circuit Judges, and William D. QUARLES, Jr., United States District Judge for the District of Maryland, sitting by designation.

Court

• United States Fourth Circuit

Counsel

• For Appellees:
  
• ARGUED:Melvyn I. Weiss, Milberg, Weiss, Bershad, Hynes & Lerach, New York, New York, for Appellants.  Jordan D. Eth, Morrison & Foerster, San Francisco, California, for Appellees. ON BRIEF:  Lee A. Weiss, Milberg, Weiss, Bershad, Hynes & Lerach, New York, New York;  Steven J. Toll, Daniel S. Sommers, Cohen, Milstein, Hausfeld & Toll, Washington, D.C.;  Daniel W. Krasner, Gregory M. Nespole, Stacy T. Kelly, Wolf, Haldenstein, Adler, Freeman & Herz, New York, New York, for Appellants.  Melvin R. Goldman, Erik J. Olson, Mia Mazza, Morrison & Foerster, San Francisco, California;  Laurie A. Hand, Morrison & Foerster, McLean, Virginia;  James A. Murphy, Leclair Ryan, P.C., Richmond, Virginia, for Appellees.