United States Fifth Circuit

In an action arising from an investment amongst the parties in an indoor football team at defendant's civic center, summary judgment for defendant is reversed and remanded where: 1) dismissal of claims under the '33 and '34 Securities Acts was error because, contrary to the finding below, the information owner possessed at a particular time did not place him on inquiry notice as a matter of law; 2) claims under state law were similarly not barred by the statute of limitations; and 3) dismissal of another party's pendent claim was error.

Appellate Information

• Decided 10/03/2007
• Published 10/04/2007

Judges

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

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Stanwood Robert Duval, C. Berwick Duval, II (argued), Duval, Funderburk, Sundbery, Lovell & Watkins, Houma, LA, for Plaintiffs-Appellants.


• For Appellees:
  
• Fredrick R. Tulley (argued), Taylor, Porter, Brooks & Phillips, Baton Rouge, LA, Gregory J. Schwab, Waitz & Downer, Houma, LA, for Defendant-Appellee.