City of Philadelphia v. Fleming Companies, Inc.
Court of Appeals for the Tenth Circuit
1Opinion of the Court
EBEL, Circuit Judge.
This case requires us for the first time to interpret the provisions of the Private Securities Litigation Reform Act of 1995 (“PSLRA”), 15 U.S.C. § 78u-4. Plaintiffs brought this consolidated class action lawsuit alleging securities fraud under the Securities Exchange Act of 1934 (“the Act”), see 15 U.S.C. §§ 78a et seq., and Rule 10b-5, see 17 C.F.R. § 240.10b-5, on behalf of all people who purchased stock in Fleming Companies, Inc. (“Fleming”) during the period November 15, 1993, to March 14, 1996. Plaintiffs alleged that the individual Defendants, all current or former…
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