United States Fifth Circuit

Where a complaint for securities fraud does not adequately plead scienter in conformity with the Private Securities Litigation Reform Act and Rule 9(b) of the Federal Rules of Civil Procedure, dismissal of a consolidated securities fraud action is affirmed. (Revised opinion)

Appellate Information

• Decided 07/28/2003
• Published 08/25/2003

Judges

• KING, Chief Judge:, Before KING, Chief Judge, and REAVLEY and STEWART, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Kenneth J. Vianale, Melvyn I. Weiss (argued), Maya S. Saxena, Christopher S. Jones, Milberg, Weiss, Bershad, Hynes & Lerach, Boca Raton, FL, John William Barrett, Richard R. Barrett, Barrett Law Office, Lexington, MS, Robert I. Harwood, Frederick William Gerkens, Wechsler Harwood, New York City, Jesse Martin Harrington, Harrington Law Firm, Ridgeland, MS, for Plaintiffs-Appellants., Paul C. Curnin, Simpson, Thacher & Bartlett, New York City, for MCI Worldcom., Robert Engelbrecht Hauberg, Jr. (argued), William Davis Frye, Baker, Donelson, Bearman & Caldwell, Jackson, MS, for Sullivan.


• For Appellees:
  
• R. David Kaufman, Martin Patrick McDowell (argued), Brunini, Gratham, Grower & Hewes, Jackson, MS, for Defendants-Appellees.