United States Ninth Circuit

In a putative federal securities fraud class action against an operator of private for-profit vocational colleges and officers pursuant to sections 10(b) and 20(a) of the Securities and Exchange Act of 1934 and SEC Rule 10b-5, dismissal of the complaint with prejudice is affirmed where the complaint's allegations failed to meet the PSLRA's exacting requirements and the standards for pleading loss causation.

Appellate Information

• Argued 02/11/2008
• Decided 07/25/2008
• Published 07/25/2008

Judges

• Before:  ALFRED T. GOODWIN, B. FLETCHER, and N. RANDY SMITH, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Jeff S. Westerman, Arthur Miller (argued), Milberg Weiss Bershad & Schulman LLP, Los Angeles, CA, for the plaintiff-appellant.


• For Appellees:
  
• John W. Spiegel, Munger, Tolles & Olson LLP, Los Angeles, CA, for the defendants-appellees.