United States Fourth Circuit

In a suit brought by shareholders of a corporation, stemming from the CEO's misrepresentation that he finishing college, dismissal of the claim is affirmed where the actual fact misrepresented was immaterial under the securities laws.

Appellate Information

• Decided 12/21/2004
• Published 12/21/2004

Judges

• Before WILKINSON, GREGORY, and SHEDD, Circuit Judges.

Court

• United States Fourth Circuit

Counsel

• For Appellees:
  
• ARGUED:Sanford Svetcov, Lerach, Coughlin, Stoia, Geller, Rudman & Robbins, L.L.P., San Francisco, California, for Appellants.   Charles Edward Davidow, Wilmer, Cutler, Pickering, Hale & Dorr, L.L.P., Washington, D.C., for Appellees. ON BRIEF:  Jack Reise, Scott L. Adkins, Lerach, Coughlin, Stoia, Geller, Rudman & Robbins, L.L.P., Boca Raton, Florida;  John C. Pasierb, Cohen, Gettings & Caulkins, P.C., Arlington, Virginia;  David Kessler, Stephen P. McFate, Schiffrin & Barroway, L.L.P., Bala Cynwyd, Pennsylvania, for Appellants.  Paul R. Eckert, Wilmer, Cutler, Pickering, Hale & Dorr, L.L.P., Washington, D.C., for Appellees.