Bell v. Ascendant Solutions, Inc.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
JERRY E. SMITH, Circuit Judge:
Mario Sonzone and Plutarch, Ltd., an individual investor and a closely-held Liberian corporation, appeal the denial of class certification in a securities fraud suit against Ascendant Solutions, Inc. (“Ascendant”), some of its former executives and directors, and a related entity. Concluding that the district court did not abuse its discretion, we affirm and remand.
I
Ascendant, a Dallas-based firm founded in 1995, provided electronic order management and customer service solutions to e-eommerce and direct marketing firms. It made an initial public offering (“IPO”)…
2Cases cited17 opinions
- Daubert v. Merrell Dow Pharmaceuticals, Inc.Supreme Court of the United States · 1993
- General Telephone Co. of Southwest v. FalconSupreme Court of the United States · 1982
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- Coopers & Lybrand v. LivesaySupreme Court of the United States · 1978
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
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