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STATE TEACHERS RETIREMENT BD. v. FLUOR CORP.

No. 328, Docket 80-7592.

654 F.2d 843 (1981)

STATE TEACHERS RETIREMENT BOARD, Plaintiffs-Appellants, v. FLUOR CORPORATION and Manufacturers Hanover Trust Company, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided May 26, 1981.

Rehearing Denied June 22, 1981.

Attorney(s) appearing for the Case

Russell A. Kelm, Columbus, Ohio (Schwartz, Shapiro, Kelm & Warren, Columbus, Ohio, Nelson E. Genshaft, William J. Brown, Ohio Atty. Gen., James B. Farmer, Asst. Atty. Gen., Columbus, Ohio, of counsel), for plaintiffs-appellants.

Raymond L. Falls, Jr., New York City (Cahill, Gordon & Reindel, New York City, John A. Shutkin, New York City, of counsel), for defendant-appellee Fluor Corporation.

Richard J. Concannon, New York City (Kelley, Drye & Warren, New York City, Robert E. Crotty, New York City, of counsel), for defendant-appellee Manufacturers Hanover Trust Company.

Before LUMBARD, MANSFIELD and MESKILL, Circuit Judges.

LUMBARD, Circuit Judge:

State Teachers Retirement Board ("State Teachers"), a public pension retirement fund established by the State of Ohio, appeals from a judgment of dismissal by the District Court for the Southern District, Robert W. Sweet, J., of its class action on behalf of all those who sold stock of the Fluor Corporation ("Fluor") during the period March 3 to March 13, 1975, without the knowledge of certain information regarding a construction contract award...

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