United States Fifth Circuit

Application of the Securities Litigation Uniform Standards Act to pre-enactment conduct presents no retroactivity concern because the Act regulates only secondary conduct, the filing of the lawsuit, not the primary conduct that is the subject of the suit. Dismissal of this putative state law securities class action is affirmed.

Appellate Information

• Decided 04/22/2004
• Published 04/22/2004

Judges

• RHESA HAWKINS BARKSDALE, Circuit Judge:, Before DAVIS, BARKSDALE and PRADO, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Eric L. Zagar (argued), Schiffrin & Barroway, Bala Cynwyd, PA, for Blaz., Robin C. Gibbs, Gibbs & Bruns, Houston, TX, for Belfer, Blake, Chan, Duncan, Foy, Gramm, Jaedicke, Lemaistre, Meyer, Wakeham, Walker and Winokur., Jacks C. Nickens, Nickens, Keeton, Lawless, Farrell & Flack, Houston, TX, for Buy and Causey., Craig Smyser, Asim M. Bhansali, Smyser, Kaplan & Veselka, Houston, TX, for Fastow., Zachary W.L. Wright, Tonkon Torp, Portland, OR, for Harrison., Sharon J. Shumway (argued), James E. Coleman, Jr., Bruce William Collins, Diane M. Sumoski, Shelbi Lee Barnhouse, Carrington, Coleman, Sloman & Blumenthal, Dallas, TX, for Lay., Robert Michael Stern, O'Melveny & Myers, Washington, DC, for Skilling., H. Bruce Golden, Randall Carroll Owens, Golden & Owens, Houston, TX, for Urquhart., Andrew Lee Ramzel, Rusty Hardin & Associates, Houston, TX, for Arthur Andersen LLP.