United States Fifth Circuit

Dismissal of a securities fraud class action claim, under sections 10(b) and 20(a) of the Exchange Act, was proper where plaintiffs failed to adequately allege particularized facts to establish the necessary element of scienter.

Appellate Information

• Decided 05/21/2002
• Published 05/21/2002

Judges

• W. EUGENE DAVIS, Circuit Judge:, Before ALDISERT , DAVIS and PARKER, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Daniel James Petroski, Jr.,Vahldiek, Cano, Grayson, Hovenkamp & Petroski, Houston, TX, Vincent R. Cappucci (argued), Entwistle & Cappucci, New York City, for Plaintiffs-Appellants.


• For Appellees:
  
• David D. Sterling (argued), Michael Paul Graham, Samuel Woolin Cooper, Katherine Traverse Vukadin, Baker Botts, Houston, TX, for Defendants-Appellees.