United States Ninth Circuit

In an action alleging violations of the Securities Exchange Act, the district court erred in dismissing plaintiff's complaint where it properly states a claim for federal and state securities fraud under the heightened pleading standards of the Private Securities Litigation Reform Act.

Appellate Information

• Argued 10/05/2004
• Decided 04/06/2005
• Published 04/06/2005

Judges

• Before D.W. NELSON, REINHARDT, and THOMAS, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Marc M. Seltzer (argued), Susman Godfrey, LLP, Los Angeles, CA, and Paula K. Jacobi (on the briefs), Sugar, Friedberg & Felsenthal, LLP, Chicago, IL, for the plaintiff-appellant.


• For Appellees:
  
• William F. Alderman, Orrick, Herrington & Sutcliffe, LLP, San Francisco, CA, for the defendants-appellees.