Pirraglia v. Novell, Inc.
Court of Appeals for the Tenth Circuit
1Opinion of the Court
LUCERO, Circuit Judge.
This court is once again called upon to interpret the provisions of the Private Securities Litigation Reform Act of 1995, Pub.L. No. 104-67, 109 Stat. 737 (1995) (“Reform Act”) (codified at 15 U.S.C. § 78u-4), as applied to a private securities-fraud complaint. Plaintiffs filed a securities-fraud class-action complaint against Novell, Inc. (“Novell”), asserting that No-vell executives made materially false statements that induced investors to purchase Novell stock shortly before the price of shares plummeted. Applying the rigorous pleading requirements of the Reform Act,…
2Cases cited16 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
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- Greebel v. FTP Software, Inc.Court of Appeals for the First Circuit · 1999
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- In Re Qwest Communications International, Inc. Securities LitigationDistrict Court, D. Colorado · 2004
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