Barrie v. Intervoice-Brite, Inc.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
EDITH BROWN CLEMENT, Circuit Judge:
Plaintiffs appeal from the district court’s dismissal, pursuant to Fed.R.Civ.P. 9(b) and the Private Securities Litigation Reform Act; of their securities fraud class action alleging violations of §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 and Securities and Exchange Com*254mission Rule 10b-5. For the reasons that follow, we reverse in part and remand.
I. FACTS AND PROCEEDINGS
Intervoiee-Brite, Inc. (“Intervoice” or “the Company”), the corporate defendant in this securities fraud class action, develops and sells interactive voice software.…
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