United States Fifth Circuit

In determining whether plaintiffs have pled the necessary "strong inference" of scienter in a securities class action complaint, the district court must look to all the allegations in light of the entire context, rather than reading the allegations in isolation.

Appellate Information

• Decided 09/25/2001
• Published 09/25/2001

Judges

• GARWOOD, Circuit Judge:, Before GARWOOD, DeMOSS and PARKER, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Douglas G. Thompson,Donald J. Enright (argued), Finkelstien, Thomas & Loughran, Washington, DC, Roger B. Greenberg, David E. Sharp, Greenberg Peden, Houston, TX, for Plaintiffs-Appellants., Luis de la Torre (argued), Jacob H. Stillman, Eric Summergrad, Securities & Exchange Commission, Washington, DC, for Securities and Exchange Commission, Amicus Curiae.


• For Appellees:
  
• David D. Sterling (argued), Samuel Woolin Cooper, Baker Botts, Houston, TX, for Defendants-Appellees.