Grand v. Nacchio

OPINION

ESPINOSA, Presiding Judge.

¶ 1 Appellants Richard and Marcia Grand, co-trustees of the R.M. Grand Revocable Living Trust (collectively, the Trust), challenge the trial court’s dismissal of their complaint in this securities fraud action in response to the motions to dismiss filed by appellees Joseph P. Nacchio, John A. McMaster, and Qwest Communications International, Inc. We affirm.

Factual Background and Procedural History

¶ 2 This case began in 2002, when the Trust filed a securities fraud action concerning its purchase of shares in KPNQwest N.V. (KPNQwest), a joint venture between…