Financial Acquisition Partners LP v. Blackwell
Court of Appeals for the Fifth Circuit
1Opinion of the Court
RHESA HAWKINS BARKSDALE, Circuit Judge:
In this putative class action for securities fraud, Financial Acquisition Partners and John D. May (Plaintiffs) appeal the Federal Rule of Civil Procedure 12(b)(6) dismissal of their second amended complaint pursuant to the Private Securities Litigation Reform Act (PSLRA), 15 U.S.C. § 78u-4. Plaintiffs’ claims arise from their purchase of shares, and the bankruptcy shortly thereafter, of Amresco Inc. Plaintiffs challenge the district court’s: (1) holding implicitly that collateral estoppel did not preclude the individual defendants’ raising certain…
2Cases cited26 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
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