United States Fifth Circuit

In a securities fraud action, denial of plaintiff's class certification motion is affirmed where defendant's allegedly fraudulent press release divided the news into fraudulent and non-fraudulent information related to possible future circulation declines, and plaintiff failed to show the specific impact of the allegedly fraudulent statements.

Appellate Information

• Decided 08/13/2009
• Published 08/13/2009

Judges

• JERRY E. SMITH, Circuit Judge:, Before SMITH, GARZA and CLEMENT, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Martin B. McNamara (argued), Sarah Viola Toraason, Lawrence J.C. VanDyke, M. Byron Wilder, Gibson, Dunn & Crutcher, L.L.P., Dallas, TX, for Belo Corp., Decherd and Moroney., Mark M. Donheiser, Randal Gilbert Mathis, Mathis & Donheiser, Dallas, TX, for Peckham., Alexandra S. Bernay, Eric Alan Isaacson (argued), Henry Rosen, Julie Anna Wilber, Coughlin, Stoia, Geller, Rudman & Robbins, L.L.P., San Diego, CA, for Appellant.


• For Appellees:
  
• Roger Evans, Mathis & Donheiser, Dallas, TX, for all Defendants-Appellees.