Fannon v. Guidant Corp.

E-Law Admin/ October 21, 2009/ Zivilrecht/ 0 comments

Fannon v. Guidant Corp., 08-2429

In plaintiffs’ consolidated securities action against defendants alleging fraud in connection with a merger, the judgment of the district court is affirmed where it did not abuse its discretion: 1) in dismissing the case with prejudice as the plaintiffs had a number of opportunities to craft a complaint that complied with the Private Securities Litigation Reform Act; 2) in denying plaintiffs’ motion to vacate the judgment pursuant to Rule 59(e); and 3) in denying the plaintiffs’ motion to file an amended complaint.

Appellate Information

  • Argued 01/16/2009
  • Decided 10/21/2009
  • Published 10/21/2009


  • WOOD, Circuit Judge., Before BAUER, FLAUM and WOOD, Circuit Judges.


  • United States Seventh Circuit


  • For Appellant:
  • Scott D. Gilchrist, Cohen & Malad, Indianapolis, IN, Geoffrey M. Johnson, Attorney (argued), Scott & Scott, Chagrin Falls, OH, for Plaintiffs-Appellants.
  • For Appellees:
  • Boris Feldman, Attorney (argued), Wilson, Sonsini, Goodrich & Rosati, Palo Alto, CA, for Defendants-Appellees.

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