Little Gem Life Sciences LLC v. Orphan Med., Inc., 07-3285
In a securities class action against a company alleging that the company and two of its principal executive officers negligently failed to disclose material information to stockholders before asking them to approve a merger, grant of defendants' joint motion to dismiss is affirmed where: 1) the district court properly denied Little plaintiff's request to convert a motion to dismiss into a motion for summary judgment; and 2) the district court did not err in determining that plaintiff failed to meet the heightened pleading standards required by the PSLRA.
- Decided 08/11/2008
- Published 08/11/2008
SMITH, Circuit Judge., Before WOLLMAN, MURPHY, and SMITH, Circuit Judges.
United States Eighth Circuit
Richard Allen Lockridge, Minneapolis, MN, argued (Gregg M. Fishbein and Nathan D. Prosser, Minneapolis, MN, Joel C. Feffer and Daniella Quitt, New York, NY, on the brief), for appellant.
Peter William Carter, Minneapolis, MN, argued (Seth Leventhal and Eric R. Sherman, Minneapolis, MN, Richard Wilson and Mary R. Vasaly, Minneapolis, MN, on the brief), for appellee.