Howard ROSENTHAL and Rudy L. and Judy J. Bettmann, on behalf of themselves and all others similarly situated, Petitioners/Cross-Respondents,
v.
DEAN WITTER REYNOLDS, INC.; Frank B. Walker; Jack A. Vickers, III; William B. Graham; and Kutak Rock & Campbell, Respondents/Cross-Petitioners, and
Castle Pines Land Company, Helen McMaster Coulson, and Larry Reichert, Respondents.
Supreme Court of Colorado, En Banc.https://leagle.com/images/logo.png
December 18, 1995.
Rehearing Denied January 29, 1996.
Attorney(s) appearing for the Case
Vinton Nissler Allen & Vellone, P.C., Patrick D. Vellone, Denver, Spector & Roseman, P.C., Eugene A. Spector, Paul J. Scarlato, Debra M. Kahn, Philadelphia, Pennsylvania, for Petitioners/Cross-Respondents.
Brega & Winters, P.C., Charles F. Brega, Thomas D. Birge, Cathryn B. Mayers, Denver, for Respondent/Cross-Petitioner Dean Witter Reynolds, Inc.
Kerr, Friedrich, Brosseau, Bartlett, L.L.C., Andrew J. Friedrich, Denver, for Respondents/Cross-Petitioners Frank B. Walker, Jack A. Vickers, III, and William B. Graham.
Kutak Rock, Diana C. Fields, Denver, Patrick Griffin, Omaha, Nebraska, for Respondent/Cross-Petitioner Kutak Rock & Campbell.
Gale A. Norton, Attorney General, Stephen K. ErkenBrack, Chief Deputy Attorney General, Timothy M. Tymkovich, Solicitor General, Merrill Shields, Deputy Attorney General, Richard Djokic, First Assistant Attorney General, Regulatory Law Section, Denver, for Amicus Curiae Philip A. Feigin, Securities Commissioner for the State of Colorado.
Supreme Court of Colorado, En Banc.
Justice SCOTT delivered the Opinion of the Court.
A seller's misrepresentations or omissions of material fact, deceptive practices, or fraudulent acts in connection with the sale of a security are actionable under section 11-51-125(2) of the Securities Act of 1981. Pursuant to our grant of certiorari,1 we must determine the pleading requirements sufficient to overcome a C.R.C.P. 12(b)(5) motion to dismiss. We also address the standing...
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