United States Sixth Circuit

Under the Private Securities Litigation Reform Act of 1995, plaintiffs' complaints need only create a "strong inference" that defendants projected financial well-being at a time when they had actual knowledge that their statements were false or misleading, while knowingly omitting material facts that would have tempered optimism.

Appellate Information

• Argued 12/06/2000
• Decided 05/31/2001
• Published 05/31/2001

Judges

• Before: MARTIN, Chief Judge;  MERRITT, KENNEDY, BOGGS, NORRIS, SUHRHEINRICH, SILER, BATCHELDER, DAUGHTREY, MOORE, COLE, CLAY, and GILMAN, Circuit Judges.

Court

• United States Sixth Circuit

Counsel

• For Appellant:
  
• James F. Milliman (briefed), Thomas P. O'Brien, III, Charles G. Middleton, III (briefed), Middleton & Reutlinger, Louisville, KY, Kenneth J. Vianale (argued and briefed), Milberg, Weiss, Bershad, Hynes & Lerach, Boca Raton, FL, David Kessler (briefed), Schiffrin & Barroway, Bala Cynwyd, PA, Arthur R. Miller (briefed), Professor, Harvard Law School, Cambridge, MA, for Plaintiffs-Appellants., Jacob H. Stillman (briefed), Luis DeLaTorre (briefed), Securities and Exchange Commission, Washington, DC, Eric Summergrad (briefed), Washington, DC, for Amicus Curiae.


• For Appellees:
  
• David B. Hennes (briefed), Gregory P. Joseph (argued and briefed), Kirsa Phillips (briefed), Rachel S. Fleishman, Fried, Frank, Harris, Shriver & Jacobson, New York, NY, David B. Tachau (briefed), Tachau, Maddox, Hovious & Dickens, Louisville, KY, for Defendants-Appellees.