KOWAL v. MCI COMMUNICATIONS CORP.

No. 92-7127.

16 F.3d 1271 (1994)

Charles KOWAL, et al., Appellants, v. MCI COMMUNICATIONS CORPORATION, et al., Appellees.

United States Court of Appeals, District of Columbia Circuit.

Decided March 1, 1994.


Attorney(s) appearing for the Case

Steven G. Schulman, New York City, argued the cause for appellants. With him on the briefs were Herbert E. Milstein and Steven J. Toll, Washington, DC.

William O. Bittman, Washington, DC, argued the cause for appellees. With him on the brief were Frederic T. Spindel and John R. Erickson, Washington, DC.

Before EDWARDS, BUCKLEY, and SENTELLE, Circuit Judges.


Opinion for the Court filed by Circuit Judge SENTELLE.

SENTELLE, Circuit Judge:

This is an appeal from a judgment of the district court for the District of Columbia dismissing a complaint under the Securities Exchange Act of 1934 and Rule 10b-5 for failure to plead fraud with sufficient particularity and for failure to state a claim upon which relief could be granted. Plaintiff-appellants, who claim to be members of a class of individuals who purchased MCI...

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