United States Ninth Circuit

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Petrie v. Electronic Game Card, Inc., 12-55620

Dismissal of an action under section 10(b) and 20(a) of the Securities Exchange Act against officers and directors of defendant-company is reversed and remanded, where: 1) the district court improperly struck portions of the third amended complaint because the discovery materials were not obtained or used in violation of the Private Securities Litigation Reform Act; and 2) the complaint adequately pleaded false statements and scienter.

Appellate Information

  • Decided 07/30/2014
  • Published 07/30/2014

Judges

  • CHRISTEN

Court

  • United States Ninth Circuit

Counsel