Little Gem Life Sciences LLC v. Orphan Med., Inc.
Little Gem Life Sciences LLC v. Orphan Med., Inc., 07-3285
In a securities class action against a company alleging that the company and two of its principal executive officers negligently failed to disclose material information to stockholders before asking them to approve a merger, grant of defendants’ joint motion to dismiss is affirmed where: 1) the district court properly denied Little plaintiff’s request to convert a motion to dismiss into a motion for summary judgment; and 2) the district court did not err in determining that plaintiff failed to meet the heightened pleading standards required by the PSLRA.
- Decided 08/11/2008
- Published 08/11/2008
- SMITH, Circuit Judge., Before WOLLMAN, MURPHY, and SMITH, Circuit Judges.
- United States Eighth Circuit
- For Appellant:
- Richard Allen Lockridge, Minneapolis, MN, argued (Gregg M. Fishbein and Nathan D. Prosser, Minneapolis, MN, Joel C. Feffer and Daniella Quitt, New York, NY, on the brief), for appellant.
- For Appellees:
- Peter William Carter, Minneapolis, MN, argued (Seth Leventhal and Eric R. Sherman, Minneapolis, MN, Richard Wilson and Mary R. Vasaly, Minneapolis, MN, on the brief), for appellee.