Fecht v. Price Co.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
WILLIAM A. NORRIS, Circuit Judge:
Plaintiffs appeal the district court’s dismissal of their securities fraud action on the grounds that it failed to meet the requirements of Fed.R.Civ.P. 12(b)(6) and 9(b). We review the district court’s dismissal de novo, Wool v. Tandem Computers Inc., 818 F.2d 1433, 1439-40 (9th Cir.1987), and reverse and remand to the district court.
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Over the course of two days in early April, 1992, the price of the stock of The Price Company (“Company”) fell from $45 per share to $32 per share. The decline occurred immediately after the Company announced a drop in its net…
2Cases cited14 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- United States v. GaudinSupreme Court of the United States · 1995
- Jerry L. Branch, Valenna Branch, Colby Branch v. Dale L. Tunnell, Individually and as Special Agent of Bureau of Land Management, State of MontanaCourt of Appeals for the Ninth Circuit · 1994
- Howard Wool v. Tandem Computers Incorporated, Robert C. Marshall, Henry v. Morgan, and James G. TreybigCourt of Appeals for the Ninth Circuit · 1987
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