Anderson v. AON CORP.

EASTERBROOK, Chief Judge.

The first time this case was here, we held that California law applies and remanded for consideration of Anderson’s “holder” claims — because California, unlike federal securities law, permits a person who did not purchase or sell stock in reliance on a fraudulent representation to maintain a suit for damages. 614 F.3d 361 (7th Cir.2010). On remand the district court dismissed the complaint, ruling that it did not adequately allege defendants’ state of mind and Anderson’s reliance on any particular false statements Aon had made. 2011 WL 4565758, 2011 U.S. Dist. Lexis…