Christopher Brophy v. Jiangbo Pharmaceuticals, Inc.
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
JILL PRYOR, Circuit Judge:
This is an interlocutory appeal from an order granting motions to dismiss by two defendants in a securities class action against Jiangbo Pharmaceuticals, Inc. (“Ji-angbo”), its principal officers, and its audit firm. The district court found that plaintiffs Christopher Brophy and Tara Lewis (collectively, the “investors”) failed to plead sufficiently their allegations of fraud against defendants Elsa Sung, Jiangbo’s former Chief Financial Officer (“CFO”), and Frazer LLP (“Frazer”), Jiangbo’s external auditor. Applying the heightened pleading standard imposed by the…
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