United States Ninth Circuit
Berson v. Applied Signal Tech., Inc., 06-15454
In an action claiming securities fraud, dismissal of the complaint is reversed and remanded where: 1) plaintiffs pled with sufficient particularity the existence, content and effect of governmental "stop-work orders"; 2) defendants' alleged practice of counting stopped work as backlog could be misleading; 3) plaintiffs' allegations of scienter and loss causation were sufficient; and 4) backlog reports are immune from liability as "forward-looking" statements.
Appellate Information
- Argued 12/06/2007
- Decided 06/05/2008
- Published 06/05/2008
Judges
- KOZINSKI, Chief Judge:, Before: ALEX KOZINSKI, Chief Judge, ROBERT E. COWEN, and HAWKINS, Circuit Judges.
Court
- United States Ninth Circuit
Counsel
- For Appellant:
- Mark Kindall, Andrew M. Schatz and Jeffrey S. Nobel, Schatz & Nobel, P.C., Hartford, CT; Alan R. Plutzik, Kathryn Scholfield, Bramson, Plutzik, Mahler & Birkhaeuser, LLP, Walnut Creek, CA, for the plaintiff-appellant.
- For Appellees:
- David Priebe, DLA Piper Rudnick Gray Cary U.S. LLP, East Palo Alto, CA; Shirli Fabbri Weiss, DLA Piper Rudnick Gray Cary U.S. LLP, San Diego, CA; and Kathryn E. Karcher, DLA Piper Rudnick Gray Cary U.S. LLP, Seattle, WA, for the defendants-appellees.