United States Fifth Circuit

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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)

Appellate Information

  • Decided 03/31/2004
  • Published 04/20/2004

Judges

  • GARWOOD, Circuit Judge:, Before GARWOOD, JOLLY and HIGGINBOTHAM, Circuit Judges.

Court

  • United States Fifth Circuit

Counsel

  • 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.