Rand-Heart of New York, Inc. v. James P. Dolan
Court of Appeals for the Eighth Circuit
1Opinion of the Court
BENTON, Circuit Judge.
Rand-Heart of New York, Inc. brought a putative class action on behalf of purchasers of Dolan Company’s securities between August 1, 2013 and January 2, 2014, under Sections 10(b) and 20(a) of the Securities Exchange Act. The District Court dismissed for failure to state a claim under Federal Rule of Civil Procedure 12(b)(6). Having jurisdiction under 28 U.S.C. § 1291, this court reverses.
I
DiscoverReady — a subsidiary of Dolan Company — performed litigation support, working mostly for Bank of America. In May or June 2013, Bank of America met with James P. Dolan (CEO of…
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