United States Ninth Circuit
Thompson v. Paul, 06-15515
In a securities fraud action regarding allegedly fraudulent omissions by attorneys connected to stock being issued to settle a civil dispute, dismissal for failure to state a claim is reversed and remanded where: 1) federal law, not state law, governs all aspects of interpreting Section 10(b) of the Securities Exchange Act of 1934; and 2) plaintiff satisfied the heightened pleading requirements of the Private Securities Litigation Reform Act.
Appellate Information
- Argued 01/17/2008
- Decided 10/27/2008
- Published 10/27/2008
Judges
- WILLIAM A. FLETCHER, Circuit Judge:, Before: W. FLETCHER and CARLOS T. BEA, Circuit Judges, and JEFFREY T. MILLER, District Judge.
Court
- United States Ninth Circuit
Counsel
- For Appellant:
- William M. Balin, Balin & Kotler, San Francisco, CA, James LaGanke, Phoenix, AZ, and Charles Weller, La Jolla, CA, for the appellant.
- For Appellees:
- Hal Michael Clyde, Paul F. Eckstein, and Todd Kerr, Perkins Coie Brown & Bain, Phoenix, AZ, for appellee Lewis and Roca., David S. Rosenthal, Rosenthal Law Office, Phoenix, AZ, and Gregory Alan Rosenthal, Arboleda Brechner, Phoenix, AZ, for appellee Capitol Detective Agency.