Roman Zak v. Chelsea Therapeutics International
Court of Appeals for the Fourth Circuit
1Opinion of the Court
Vacated and remanded by published opinion. Judge KEENAN wrote the opinion, in which Chief Judge TRAXLER joined. Judge THACKER wrote a separate dissenting opinion.
BARBARA MILANO KEENAN, Circuit Judge:
The plaintiffs in this case claim that Chelsea Therapeutics International, LTD. (Chelsea) and several of its corporate officers 1 (collectively, the defendants) violated Section 10(b) of the Securities Exchange Act of 1934 (the Exchange Act), 15 U.S.C. § 78j(b).2 Chelsea stockholder Roman Zak, both individually and as a class representative for other investors (the plaintiffs), alleged that the…
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