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NOLTE v. CAPITAL ONE FINANCIAL CORP.

No. 03-1612.

390 F.3d 311 (2004)

Frank NOLTE; Helen Nolte; Local 144 Nursing Home Pension Fund, Plaintiffs-Appellants, and Bill Brooks; Charles Bruener; Charles Bryant; James B. Howard; Amir Nasrabadi; Robert Norman; David Onerheim; Jack B. Pierce; Kunming Qian; Bernard Stern; Raymond Tyler; Lisa Yankofsky, Plaintiffs, v. CAPITAL ONE FINANCIAL CORPORATION; Richard D. Fairbank; Nigel W. Morris; David M. Willey; Peter A. Schnall, Defendants-Appellees. Emile Wanich; Rhoda Wanich; the Charles H. Walsh, Sr. Trust, Movants.

United States Court of Appeals, Fourth Circuit.

Decided: December 2, 2004.

Attorney(s) appearing for the Case

ARGUED: Melvyn I. Weiss, Milberg, Weiss, Bershad, Hynes & Lerach, New York, New York, for Appellants. Jordan D. Eth, Morrison & Foerster, San Francisco, California, for Appellees. ON BRIEF: Lee A. Weiss, Milberg, Weiss, Bershad, Hynes & Lerach, New York, New York; Steven J. Toll, Daniel S. Sommers, Cohen, Milstein, Hausfeld & Toll, Washington, D.C.; Daniel W. Krasner, Gregory M. Nespole, Stacy T. Kelly, Wolf, Haldenstein, Adler, Freeman & Herz, New York, New York, for Appellants. Melvin R. Goldman, Erik J. Olson, Mia Mazza, Morrison & Foerster, San Francisco, California; Laurie A. Hand, Morrison & Foerster, McLean, Virginia; James A. Murphy, Leclair Ryan, P.C., Richmond, Virginia, for Appellees.

Before WIDENER and DUNCAN, Circuit Judges, and William D. QUARLES, Jr., United States District Judge for the District of Maryland, sitting by designation.

Affirmed by published opinion. Judge QUARLES wrote the opinion, in which Judge WIDENER and Judge DUNCAN concurred.

OPINION

QUARLES, District Judge:

Shareholders appealed the district court's dismissal of their securities fraud action for failure to plead fraud with particularity. Finding no error, we will affirm.

I.

On July 19, 2002, in the Eastern District of Virginia, Robert Norman filed a Class Action Complaint in which he alleged...

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