Legal Opinion
New Mexico State Investment Council v. Ernst & Young LLP
Court of Appeals for the Ninth Circuit
Decided April 14, 2011No. 09-55632PublishedCited by 69 opinions
1Opinion of the Court
OPINION
ZOUHARY, District Judge:
Introduction
Lead Plaintiff New Mexico State Investment Council, individually and on behalf of all others similarly situated (“Plaintiffs”), appeals the district court’s grant of Defendant Ernst & Young’s (“EY”) Motion to Dismiss. The claims against EY stem from a securities class action complaint against Broadcom Corporation (“Broad-com”), certain Broadcom officers and directors, and Broadcom’s auditor EY (collectively, “Defendants”), for a fraudulent $2.2 billion stock options backdating scheme. Plaintiffs specifically allege that EY, as Broadcom’s auditor,…
2Cases cited27 opinions
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3Cited by69 opinions
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