Employers-Teamsters Local Nos. 175 & 505 Pension Trust Fund v. Anchor Capital Advisors
Court of Appeals for the Ninth Circuit
1Opinion of the Court
OPINION
DUFFY, District Judge:
Appellants, non-parties to the action below, bring this appeal from the district court’s order granting lead plaintiffs motion to dismiss its claims in an uncertified securities class action. Because Appellants never filed a complaint or formally moved to intervene, they lack standing and we are therefore precluded from reaching the merits of Appellants’ argument that they would have been the proper lead plaintiff pursuant to the Private Securities Litigation Reform Act (the “PSLRA”), 15 U.S.C. § 78u-4(a). Furthermore, lead plaintiffs voluntary dismissal of its…
2Cases cited14 opinions
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- Crown, Cork & Seal Co. v. ParkerSupreme Court of the United States · 1983
- Devlin v. ScardellettiSupreme Court of the United States · 2002
- Fed. Sec. L. Rep. P 98,265 Fred Zeidman and Steven Youngelson v. J. Ray McDermott & Co., Inc.Court of Appeals for the Fifth Circuit · 1981
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