SIMMONDS v. CREDIT SUISSE SECURITIES (USA) LLC

Nos. 09-35262, 09-35280, 09-35282, 09-35285, 09-35286, 09-35288, 09-35289, 09-35290, 09-35292, 09-35293, 09-35297, 09-35300, 09-35301, 09-35302, 09-35303, 09-35306, 09-35307, 09-35308, 09-35309, 09-35310, 09-35312, 09-35313, 09-35314, 09-35315, 09-35316, 09-35317, 09-35318, 09-35320, 09-35321, 09-35322, 09-35323, 09-35324, 09-35325, 09-35326, 09-35328, 09-35327, 09-35331, 09-35333, 09-35334, 09-35335, 09-35337, 09-35339, 09-35344, 09-35345, 09-35346, 09-35347, 09-35348, 09-35349, 09-35350, 09-35351, 09-35352, 09-35355, 09-35357, 09-35358, 09-35363, 09-35367, 09-35375, 09-35381, 09-35364, 09-35373, 09-35374, 09-35391, 09-35369, 09-35368, 09-35370, 09-35371, 09-35365, 09-35393, 09-35366, 09-35397, 09-35404, 09-35405, 09-35382, 09-35380, 09-35395, 09-35399, 09-35398, 09-35394, 09-35387, 09-35400, 09-35384, 09-35390, 09-35383, 09-35377.

638 F.3d 1072 (2010)

Vanessa SIMMONDS, Plaintiff-Appellant, v. CREDIT SUISSE SECURITIES (USA) LLC; JPMorgan Chase & Co., a Delaware corporation, successor in interest to Hambrecht & Quist and Chase Securities Inc.; Bank of America Corporation, a Delaware corporation, successor in interest to Fleetboston Robertson Stephens, Inc.; Onvia Inc., a Delaware corporation formerly known as Onvia.com Inc.; Robertson Stephens, Inc.; J.P. Morgan Securities Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Deutsche Bank Securities Inc.; Foundry Networks Inc., Nominal Defendant, a Delaware corporation; Merrill Lynch Pierce Fenner & Smith Incorporated; J.P. Morgan Securities Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Merrill Lynch & Co. Inc., Defendant, and Finisar Corporation, Nominal Defendant, a Delaware corporation; Merrill Lynch Pierce Fenner & Smith Incorporated; J.P. Morgan Securities Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co., Incorporated; Lehman Brothers, Inc.; Bank of America Corporation; Robertson Stephens, Inc.; Avanex Corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Group, a global bank headquartered in Zurich, Switzerland formerly known as Credit Suisse First Boston Corporation; Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Tivo Inc., Nominal Defendant, a Delaware corporation; Robertson Stephens, Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs & Co., a New York limited partnership; Bank of America Corporation, a Delaware corporation, successor in interest to FleetBoston Robertson Stephens, Inc.; Robertson Stephens Inc., a Massachusetts corporation, Defendants-Appellees, and Turnstone Systems, Inc., a Delaware corporation, Defendant. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs & Co., "Goldman Sachs"; Credit Suisse Securities (USA) LLC, "Credit Suisse" formerly known as Credit Suisse First Boston Corporation; Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Robertson Stephens, Inc.; Juniper Networks Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co., Incorporated; Deutsche Bank Securities, Inc.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Ariba Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co., Incorporated; Citigroup Global Markets, Inc.; Akamai Technologies, Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs Group Inc., a Delaware corporation; JPMorgan Chase & Co., a Delaware corporation, successor in interest to Hambrecht & Quist LLC, Defendants, and Kana Software Inc., Nominal Defendant, a Delaware corporation formerly known as Kana Communications Inc.; Goldman Sachs & Co.; J.P. Morgan Securities Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley, a Delaware corporation, successor in interest to Morgan Stanley Dean Witter, Defendant, and Silicon Laboratories Inc., Nominal Defendant, a Delaware corporation; Morgan Stanley & Co. Incorporated; Lehman Brothers Inc.; Citigroup Global Markets, Inc., Defendants-Appellees, James W. Giddens, Trustee for the Liquidation of the Business of Lehman Brothers Inc., Trustee-Appellee. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs Group Inc., a Delaware corporation, Defendant, and Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Palm Inc., Nominal Defendant, a Delaware corporation; Goldman Sachs & Co.; Morgan Stanley & Co. Incorporated; Merrill Lynch Pierce Fenner & Smith Incorporated; Robertson Stephens, Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs Group Inc., Defendant, and Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Maxygen Inc., Nominal Defendant, a Delaware corporation; Goldman Sachs & Co.; Robertson Stephens, Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Group, a global bank headquartered in Zurich, Switzerland FKA Credit Suisse First Boston Corporation; Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Silicon Image, Inc., Nominal Defendant, a Delaware corporation; Robertson Stephens, Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs Group Inc., a Delaware corporation, Defendant, and Street.com Inc.; Goldman Sachs & Co.; J.P. Morgan Securities Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Critical Path, Inc., Nominal Defendant, a California corporation; Robertson Stephens, Inc.; J.P. Morgan Securities, Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Concur Technologies, Inc., a Delaware corporation; Robertson Stephens, Inc.; J.P. Morgan Securities, Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Group, a global bank headquartered in Zurich, Switzerland; Sourceforge, Inc., Nominal Defendant, a Delaware corporation, FKA VA Linux Systems, Inc.; Lehman Brothers, Inc., Defendants-Appellees, James W. Giddens, Trustee for the Liquidation of the Business of Lehman Brothers, Inc., Trustee-Appellee. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs & Co.; J.P. Morgan Securities, Inc.; Red Hat, Inc., a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Group, a global bank headquartered in Zurich, Switzerland; Selectica, Inc., Nominal Defendant, a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Group Securities (USA) LLC, a Delaware limited liability company; Bank of America Corporation, a Delaware corporation; Robertson Stephens, Inc., a Massachusetts corporation, Defendants-Appellees, and Interwoven, Inc., Defendant. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co., Incorporated; J.P. Morgan Securities, Inc.; Vignette Corporation, a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co., Incorporated; J.P. Morgan Securities, Inc.; Lehman Brothers, Inc.; Sycamore Networks, Inc., a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Group Securities (USA) LLC, a Delaware limited liability company; Bank of America Corporation, a Delaware corporation; Robertson Stephens, Inc.; J.P. Morgan Securities Inc., a Delaware corporation, Defendants-Appellees, and Openwave Systems, Inc., a California corporation, Defendant. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Group Securities (USA) LLC, a Delaware limited liability company; Bank of America Corporation, a Delaware corporation; Robertson Stephens, Inc., Defendants-Appellees, and Informatica Corporation, a Delaware corporation, Defendant. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, Credit Suisse Group Securities (USA) LLC, a Delaware limited liability company; Bank of America Corporation, a Delaware corporation; Robertson Stephens, Inc., a Massachusetts corporation; Merrill Lynch, Pierce, Fenner & Smith Incorporated, a Delaware corporation; Citigroup Global Markets Inc., a New York corporation, Defendants-Appellees, and Intersil Corporation, a Delaware corporation, Defendant. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, Goldman Sachs Group Inc., Defendant, and Bank of America Corporation, a Delaware corporation, successor in interest to Fleetboston Robertson Stephens, Inc.; Sonus Networks Inc., a Delaware corporation; Goldman Sachs & Co.; Lehman Brothers Inc.; Robertson Stephens, Inc.; J.P. Morgan Securities Inc., Defendants-Appellees, James W. Giddens, Trustee for the Liquidation of the Business of Lehman Brothers Inc., Trustee-Appellee. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co., Incorporated; J.P. Morgan Securities, Inc., a Delaware corporation; Lehman Brothers, Inc., a Delaware corporation, Defendants-Appellees, and Avici Systems, Inc., a Delaware corporation, Defendant. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Priceline.com Inc., a Delaware corporation; Morgan Stanley & Co. Incorporated; Merrill Lynch Pierce Fenner & Smith Incorporated; Robertson Stephens, Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs & Co.; Lehman Brothers, Inc.; J.P. Morgan Securities, Inc.; Marvell Technology Group, Ltd., a Bermuda corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co., Incorporated; Merrill Lynch Pierce Fenner & Smith Incorporated; Perot Systems Corporation, a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Group, a global bank headquartered in Zurich, Switzerland; Deutsche Bank AG, a global bank headquartered in Frankfurt, Germany; Lehman Brothers Holdings, Inc., a Delaware corporation; Airspan Networks, Inc., Nominal Defendant, a Washington corporation; Deutsche Bank Securities, Inc.; Lehman Brothers, Inc., Defendants-Appellees, and James W. Giddens, Trustee for the Liquidation of the Business of Lehman Brothers, Inc., Trustee-Appellee. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs & Co.; Bank of America Corporation, a Delaware corporation, successor in interest BancBoston Robertson Stephens Inc.; Robertson Stephens, Inc.; Insweb Corporation, a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co., Incorporated; Deutsche Bank Securities, Inc.; Asia-Info Holdings, Inc., a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc. and FleetBoston Robertson Stephens, Inc.; Robertson Stephens, Inc.; J.P. Morgan Securities, Inc.; Keynote Systems, Inc., a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Robertson Stephens, Inc.; J.P. Morgan Securities Inc.; Digimarc Corporation, Nominal Defendant, a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs & Co.; Bear Stearns & Co., Inc.; Deutsche Bank Securities, Inc.; Tibco Software, Inc., a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Martha Stewart Living Omnimedia Inc., a Delaware corporation; Morgan Stanley & Co. Incorporated; Merrill Lynch Pierce Fenner & Smith Incorporated, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Group, a global bank headquartered in Zurich, Switzerland; Audible Inc., a Delaware corporation; J.P. Morgan Securities Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Goldman Sachs & Co., a New York limited partnership; Merrill Lynch Pierce Fenner & Smith Incorporated, a Delaware corporation; Bank of America Corporation, a Delaware corporation, Robertson Stephens, Inc., a Massachusetts corporation, Defendants-Appellees, and Saba Software, Inc., a Delaware corporation, Defendant. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co. Incorporated, a Delaware corporation; Deutsche Bank Securities Inc., a Delaware corporation; Citigroup Global Markets, Inc., a New York corporation, Defendants-Appellees, and Transmeta Corporation, a Delaware corporation, Defendant. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Capstone Turbine Corporation, a Delaware corporation; Goldman Sachs & Co.; Merrill Lynch Pierce Fenner & Smith Incorporated; Morgan Stanley & Co. Incorporated, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co. Incorporated; Brocade Communications Systems Inc., a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to Robertson Stephens, Inc.; J.P. Morgan Securities Inc.; Robertson Stephens, Inc.; Oplink Communications, Inc., a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Robertson Stephens, Inc.; J.P. Morgan Securities Inc.; Navasite, Inc., a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co. Incorporated, a Delaware corporation; Deutsche Bank Securities, Inc., a Delaware corporation; Aspect Medical Systems, Inc., Nominal Defendant, a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Robertson Stephens, Inc.; Bear Stearns & Co., Inc.; Packeteer, Inc., Nominal Defendant, a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to Fleetboston Robertson Stephens, Inc.; Robertson Stephens, Inc.; Omnivision Technologies, Inc., a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Securities (USA), LLC; Occam Networks, Inc., a Delaware corporation, FKA Accelerated Networks, Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. J.P. Morgan Securities Inc.; Bear Stearns & Co., Inc.; Bank of America Corporation, a Delaware corporation, successor in interest to Bancboston Robertson Stephens, Inc.; Robertson Stephens, Inc.; Immersion Corporation, a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Morgan Stanley & Co. Incorporated, a Delaware corporation; Credit Suisse Securities (USA), LLC; J.P. Morgan Securities, Inc.; Internap Network Services Corporation, Nominal Defendant, a Delaware corporation, Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Microtune Inc., a Delaware corporation; Goldman Sachs & Co.; J.P. Morgan Securities Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to BancBoston Robertson Stephens, Inc.; Morgan Stanley & Co. Incorporated; Robertson Stephens, Inc.; Extreme Networks Inc., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Bank of America Corporation, a Delaware corporation, successor in interest to Robertson Stephens, Inc.; J.P. Morgan Securities Inc.; Robertson Stephens, Inc.; Cosine Communications Inc., a Delaware corporation; Goldman Sachs & Co., Defendants-Appellees. In re Section 16(b) Litigation Vanessa Simmonds, Plaintiff-Appellant, v. Credit Suisse Securities (USA) LLC; Credit Suisse Securities (USA) LLC; J.P. Morgan Securities Inc.; Bank of America Corporation, a Delaware corporation, successor in interest to Fleetboston Robertson Stephens, Inc.; Robertson Stephens, Inc., Defendants-Appellants. In re Section 16(b) Litigation.

United States Court of Appeals, Ninth Circuit.

Filed December 2, 2010.

Amended January 18, 2011.

Second Amendment January 25, 2011.


Attorney(s) appearing for the Case

Jeffrey I. Tilden and Mark A. Wilner , Gordon Tilden Thomas & Cordell L.L.P., Ian S. Birk , Keller Rohrback L.L.P., Seattle, WA; David M. Simmonds , Redmond, WA, for the plaintiff-appellant-cross-appellee.

David H. Kistenbroker and Joni S. Jacobsen , Katten Muchin Rosenman LLP, Chicago, IL; Michael L. Charlson , Hogan & Hartson, Palo Alto, CA; John C. Tang , Latham & Watkins LLP, Menlo Park, CA; John v. Erickson , Collette Erickson Farmer & O'Neill LLP, San Francisco, CA; L. Rex Sears , Workman Nydegger , Salt Lake City, UT, for the defendants-appellees.

Andrew B. Clubok , Kirkland & Ellis, LLP, Washington, D.C.; Christopher B. Wells , Lane Powell PC, Seattle, WA; Gandolfo v. DiBlasi , Sullivan & Cromwell LLP, Joel M. Mitnick , Sidley Austin LLP, David W. Ichel , Simpson, Thacher & Bartlett LLP, Andrew J. Frackman , O'Melveny & Myers LLP, Robert B. McCaw , Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, for the defendants-appellees-cross-appellants.

Opinion by Judge MILAN D. SMITH, JR.; Concurrence by Judge MILAN D. SMITH, JR.


ORDER

The Opinion filed on December 2, 2010 is amended to appear as set forth below in the Amended Opinion filed concurrently with this Order.

On slip opinion page 19110, footnote 5, lines 5 and 6, "Digimarc Corporation;" is deleted.

On slip opinion page 19110, footnote 5, line 8, "Openwave Systems Inc.;" is deleted.

On slip opinion page 19124, lines 16 through 27, the text beginning with "If Simmonds lacked access to necessary information...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases