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GROSS v. SUMMA FOUR, INC.

No. 96-1088.

93 F.3d 987 (1996)

David GROSS, Plaintiff, Appellant, v. SUMMA FOUR, INC., Barry R. Gorsun, James J. Fiedler, John A. Shane, William M. Scranton, and Robert A. Degan, Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided August 12, 1996.

Attorney(s) appearing for the Case

Arthur R. Miller, with whom Lee S. Shalov, Milberg Weiss Bershad Hynes & Lerach LLP, Jules Brody, Mark A. Levine, Stull Stull & Brody, Edward L. Hann, McLane, Graf, Raulerson & Middleton, Joseph H. Weiss, and Weiss & Yourman, New York City, were on brief for appellant.

Peter J. Macdonald, with whom Donald J. Williamson and Hale and Dorr, Boston, MA, were on brief for appellees.

Before STAHL, Circuit Judge, CAMPBELL, Senior Circuit Judge, and LYNCH, Circuit Judge.

STAHL, Circuit Judge.

Investor David Gross appeals from the district court's dismissal of his securities fraud claim against Summa Four, Inc., its president, and other Summa Four officers and directors.1 Gross claims that Summa Four committed "fraud on the market" by making a series of public statements from January to July 1994 that were either materially misleading in and of themselves, or incomplete and misleading due to the omission...

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