United States Eighth Circuit

In a class action against a company and three former corporate officers accusing defendants of securities fraud that injured investors by artificially inflating the company's reported earnings and stock price, dismissal of the complaint for failure to plead the requisite scienter under the Private Securities Litigation Reform Act (PSLRA) is affirmed where the district court's opinion was consistent with intervening Supreme Court precedent and controlling Eighth Circuit decisions.

Appellate Information

• Decided 09/10/2008
• Published 09/11/2008

Judges

• LOKEN, Chief Judge., Before LOKEN, Chief Judge, JOHN R. GIBSON and MELLOY, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Sanford Svetcov, argued, Susan K. Alexander, Eli R. Greenstein, on the brief, San Francisco, CA, for appellant.


• For Appellees:
  
• Peter William Carter, argued, Daniel J. Brown, David Y. Trevor, and Bryan C. Keane, on the brief, Minneapolis, MN, for appellee.