United States Ninth Circuit

A complaint satisfied the loss causation element of a Section 10(b) violation of the Securities and Exchange Act of 1934 with respect to a device for asthma medication delivery, and the district court abused its discretion in not permitting plaintiffs to amend the complaint to include additional allegations regarding antibiotic sales.

Appellate Information

• Argued 02/04/2003
• Decided 08/05/2003
• Published 08/05/2003

Judges

• ARCHER, Senior Circuit Judge., Before PREGERSON, REINHARDT, and ARCHER, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• William S. Lerach,Jan M. Adler, Eric A. Isaacson, Henry Rosen, Tor Gronborg, Joseph D. Daley, Milberg Weiss Bershad Hynes & Lerach LLP, Alan Schulman, Blair A. Nicholas, Bernstein Litowitz Berger & Grossmann, LLP, San Diego, CA;  Steven J. Toll, Cohen, Milstein, Hausfeld & Toll, P.L.L.C., Seattle, WA, for the plaintiffs-appellants.


• For Appellees:
  
• William F. Sullivan, Christopher H. McGrath, Sean T. Prosser, Colleen E. Huschke, Brobeck, Phleger & Harrison, LLP, San Diego, CA, for the defendants-appellees.