United States Fifth Circuit

In a securities fraud action brought against defendant and several of its executive officers, dismissal with prejudice of plaintiffs' complaint is affirmed where: 1) the class action complaint failed to meet the pleading requirements of the Private Securities Litigation Reform Act (PSLRA); and 2) there was no abuse of discretion in a finding that amending the complaint would be futile.

Appellate Information

• Decided 08/21/2007
• Published 08/22/2007

Judges

• EDITH BROWN CLEMENT, Circuit Judge:, Before HIGGINBOTHAM, WIENER, and CLEMENT, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Steven J. Toll (argued), Joshua Seth Devore, Elizabeth Shattuck Finberg, Cohen, Milstein, Hausfeld & Toll, Washington, DC, Roger B. Greenberg, Kay Johnson Hazelwood, Schwartz, Junell, Greenberg & Oathout, Houston, TX, for Plaintiff-Appellant.


• For Appellees:
  
• N. Scott Fletcher (argued), Michael C. Holmes, Vinson & Elkins, Houston, TX, for Defendants-Appellees.