United States Ninth Circuit

In a suit alleging that a company and two of its officers violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and the regulations promulgated thereunder, including Rule 10b-5, dismissal of the complaint is affirmed where the Supreme Court's decision in Tellabs, Inc. v. Makor Issues & Rights, Ltd., 127 S. Ct. 2499 (2007) did not materially alter the particularity requirements for scienter claims established in previous Ninth Circuit decisions, and plaintiff failed to adequately plead a strong inference of scienter.

Appellate Information

• Argued 08/26/2008
• Decided 01/12/2009
• Published 01/12/2009

Judges

• BYBEE, Circuit Judge:, Before:  T.G. NELSON, HAWKINS, and JAY S. BYBEE, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• David F. Rees, Gary M. Berne, and Mark A. Friel, Stoll Stoll Berne Lokting & Lokting P.C., Portland, OR;  Lori G. Feldman and Karen T. Rogers, Milberg Weiss LLP, New York, NY, for the plaintiffs-appellants.


• For Appellees:
  
• Barnes H. Ellis, Lois O. Rosenbaum, and Brad S. Daniels, Stoel Rives LLP, Portland, OR, for the defendants-appellees.