United States Ninth Circuit

Where a securities fraud class action complaint is not sufficiently particularized and does not raise a strong inference that misleading statements were made knowingly, it will be dismissed because it does not state a claim under the heightened pleading requirements of the Private Securities Litigation Reform Act of 1995.

Appellate Information

• Argued 07/11/2001
• Decided 03/15/2002
• Published 03/15/2002

Judges

• Before:  CANBY, HAWKINS and GOULD, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• William S. Lerach and Eric A. Isaacson, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Diego, CA, for the plaintiffs-appellants.


• For Appellees:
  
• Shirli Fabbri Weiss, Gray, Cary, Ware & Freidenrich, LLP, San Diego, CA, for the defendants-appellees.