Gross v. Summa Four, Inc.
Court of Appeals for the First Circuit
1Opinion of the Court
STAHL, Circuit Judge.
Investor David Gross appeals from the district court’s dismissal of his securities fraud claim against Summa Four, Inc., its president, and other Summa Four officers and directors. 1 Gross claims that Summa Four committed “fraud on the market” by making a series of public statements from January to July 1994 that were either materially misleading in and of themselves, or incomplete and misleading due to the omission of materially relevant facts. Gross further complains that Summa Four improperly overstated its revenue during the same time period. After careful review, we…
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