United States Fifth Circuit

Claims in a putative class action, while surviving the heightened pleading standards required by the Private Securities Litigation Reform Act, failed to allege that a corporation made materially false and misleading statements and omissions concerning its financial condition and future business, to state securities fraud under section 10(b) and Rule 10b-5.

Appellate Information

• Decided 05/13/2002
• Published 05/13/2002

Judges

• PATRICK E. HIGGINBOTHAM, Circuit Judge:, Before HIGGINBOTHAM, DeMOSS and BENAVIDES, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Frederic S. Fox,Kaplan, Kilsheimer & Fox, Samuel Issacharoff (argued), Columbia School of Law, New York City, for Plaintiff-Appellant.


• For Appellees:
  
• Robert Emanuel Zimet (argued), Skadden, Arps, Slate, Meagher & Flom, New York City, Clyde Moody Siebman, Siebman, Reynolds & Burg, Sherman, TX, for Defendants-Appellees.