SOUTHLAND SEC. CORP. v. INSPIRE INS. SOLUTIONS INC., 02-10558
District court erred in dismissing allegations that CEO's 1998 statements in connection with the Arrowhead contract announcement violated Securities Exchange Act section 10 and SEC rule 10(b); the corporate defendant's respondeat superior liability for those statements is also adequately alleged. (Republished opinion)
- Decided 03/31/2004
- Published 04/20/2004
- GARWOOD, Circuit Judge:, Before GARWOOD, JOLLY and HIGGINBOTHAM, Circuit Judges.
- United States Fifth Circuit
- For Appellant:
- Joseph David Daley (argued), Eric Alan Isaacson, Helen J. Hodges, Milberg, Weiss, Bershad, Hynes & Lerach, Edward M. Gergosian, Barrack, Rodos & Bacine, San Diego, CA, for Plaintiffs-Appellants.
- For Appellees:
- Edward Saul Koppman (argued), Jeffrey M. Goldfarb, Akin Gump Strauss Hauer & Feld, Susan L. Hays, Waters & Krauss, Dallas, TX, for Defendants-Appellees.