United States Ninth Circuit

Complaint containing allegations of a grossly-negligent audit did not sufficiently plead scienter under the heightened pleading required in the Private Securities Litigation Reform Act; allegations did not give rise to the requisite strong inference that the auditor acted with intent to defraud, conscious misconduct, or deliberate recklessness.

Appellate Information

• Argued 02/04/2002
• Decided 04/19/2002
• Published 04/19/2002

Judges

• Before O'SCANNLAIN and SILVERMAN, Circuit Judges, and REED, District Judge.

Court

• United States Ninth Circuit

Counsel

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


• For Appellees:
  
• Maureen E. Mahoney, Latham & Watkims, Washington, DC, and Miles N. Ruthberg, Latham & Watkins, Los Angeles, CA, for the defendant/appellee.