Indiana Electrical Workers' Pension Trust Fund IBEW v. Shaw Group, Inc.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
EDITH H. JONES, Chief Judge:
A putative class of purchasers of Shaw Group, Inc. (“Shaw”) common stock sued Shaw and four of its corporate officers alleging that Shaw engaged in a scheme to misrepresent the true nature of the company’s financial condition to the public and inflate its stock price. Shaw moved to dismiss for failure to satisfy the Private Securities Litigation Reform Act’s (“PSLRA”) heightened pleading requirements for securities fraud cases, but the district court denied the motion without a written opinion. On this interlocutory appeal, we hold that the complaint failed to…
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- Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
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