Ezra Charitable Trust v. Tyco International, Ltd.
Court of Appeals for the First Circuit
1Opinion of the Court
HOWARD, Circuit Judge.
Plaintiffs Ezra Charitable Trust, Mirror Management, Ltd., and Robert Bovit brought this action pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b) and 78t(a), against defendants Tyco International, Ltd., Edward R. Breen (Tyco’s chief executive officer), David J. Fitzpatrick (Tyco’s chief financial officer), and PricewaterhouseCoopers, LLP (Tyco’s auditor)(“PwC”). The district court dismissed the action as to all defendants on the ground that the amended class action complaint did not adequately allege scienter under the…
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