Bank v. Pitt
Court of Appeals for the Eleventh Circuit
1Per curiam
Richard and Jane Bank appeal the district court’s dismissal of their action for failure to state a claim upon which relief can be granted. We reverse and remand for further proceedings.
I. FACTS AND PROCEDURAL HISTORY
In the context of a motion to dismiss, we accept as true facts alleged in the complaint, and construe them in a light favorable to the plaintiffs. Franklin v. Gwin-nett County Pub. Schools, 911 F.2d 617, 619 (11th Cir.1990).
A. The Parties
Plaintiffs Richard and Jane Bank are shareholders in Telematics International, Inc. (Telematics). They allege that they purchased 500 shares of…
2Cases cited13 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Murray Stein v. Reynolds Securities, Inc.Court of Appeals for the Eleventh Circuit · 1982
- Bankers Trust Co. v. MallisSupreme Court of the United States · 1978
- John W. Dussouy, Jr. v. Gulf Coast Investment CorporationCourt of Appeals for the Fifth Circuit · 1981
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