United States Eighth Circuit

In a securities fraud action alleging that defendant executives and auditor defrauded plaintiffs by inducing them to invest in a company through misrepresentations and false statements about its financial condition, dismissal of the complaint is affirmed where plaintiffs failed to allege how two statements by the auditor, as compared to the complaint's long list of alleged misrepresentations and omissions by the executives, proximately caused the investors' losses.

Appellate Information

• Decided 10/20/2009
• Published 10/20/2009

Judges

• BENTON, Circuit Judge., Before MELLOY, GRUENDER, and BENTON, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Marcus Neil Bozeman, argued, James Allen Carney, Tiffany Oldham, Little Rock, AR, Thomas Brent Walker, Cabot, AR, Glenn A. Delk, Atlanta, GA, on the brief, for appellant.


• For Appellees:
  
• Christian Reginald Bartholomew, argued, Washinton, DC, Jill M. Baisinger, Philadelphia, PA, on the brief, for appellee.