United States Fourth Circuit

In a securities fraud class action, the dismissal of the complaint is reversed, where: 1) Plaintiffs alleged that Defendants participated in the creation of the allegedly fraudulent prospectus; and 2) the complaint could be read to allege that investors would assume that Defendants had done so.

Appellate Information

• Decided 05/07/2009
• Published 05/07/2009

Judges

• Before MICHAEL, SHEDD, and DUNCAN, Circuit Judges.

Court

• United States Fourth Circuit

Counsel

• For Appellees:
  
• ARGUED:  Ira M. Press, Kirby McInerney, L.L.P., New York, New York, for Appellant.  Mark Andrew Perry, Gibson, Dunn & Crutcher, L.L.P., Washington, D.C., for Appellees.   ON BRIEF:  Amanda M. Rose, Gibson, Dunn & Crutcher, L.L.P., Washington, D.C., for Appellees.