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SAILORS v. NORTHERN STATES POWER CO.

No. 92-2963.

4 F.3d 610 (1993)

B.L. SAILORS, on behalf of himself and all others similarly situated, Plaintiff-Appellant, v. NORTHERN STATES POWER COMPANY; James Howard; Edwin M. Theisen; H. Lyman Bretting; David A. Christiansen; W. John Driscoll; N. Bud Grossman; Dale L. Haakenstad; Allen F. Jacobson; Richard M. Kovecevich; Donald W. McCarthy; John E. Pearson; G.M. Pieschel; Margaret R. Preska; A. Patricia Sampson, Defendants-Appellees.

United States Court of Appeals, Eighth Circuit.

Decided September 2, 1993.

Attorney(s) appearing for the Case

Mark Reinhardt, St. Paul, MN, argued (Jon Kingstad, Afton, MN, on the brief), for plaintiff-appellant.

Timothy Thornton, St. Paul, MN, argued (Scott Knudson and Kathleen Erickson DiGiorno on the brief), for defendants-appellees.

Before RICHARD S. ARNOLD, Chief Judge, LAY, Senior Circuit Judge, and FAGG, Circuit Judge.

LAY, Senior Circuit Judge.

B.L. Sailors, an investor in Northern States Power Company (NSP) common stock, brought a putative class action against NSP and its officers and directors under section 10(b) of the Securities Exchange Act of 1934, as amended 15 U.S.C. § 78j(b), and Securities Exchange Commission Rule 10b-5. Sailors also alleges the defendants violated the Minnesota Securities Act, Minn.Stat. § 80A.01 et seq., and the Minnesota Prevention...

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