United States Seventh Circuit

In a suit under sections 10(b) and 20(a) of the Securities Exchange Act by investors who suffered stock market losses against an investment advisor and his employer, summary judgment for defendants is affirmed where plaintiffs did not introduce enough evidence on the element of loss causation to create a genuine issue of material fact.

Appellate Information

• Decided 04/12/2007
• Published 04/12/2007

Judges

• WOOD, Circuit Judge., Before RIPPLE, KANNE, and WOOD, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Steven S. Biss (argued), Johnson & Bell, Catherine M. Chapman, Baum, Sigman, Auerbach, Neuman & Katsaros, Chicago, IL, for Plaintiffs-Appellants.


• For Appellees:
  
• Ellen S. Robbins, Andrew W. Stern (argued), Sidley Austin, New York, NY, for Defendants-Appellees.