LOVELACE v. SOFTWARE SPECTRUM INC.

No. 95-10338.

78 F.3d 1015 (1996)

Rebecca LOVELACE, individually and on behalf of all those similarly situated; Ira Newman, individually and on behalf of all those similarly situated, Plaintiffs-Appellants, v. SOFTWARE SPECTRUM INC; Judy O. Sims, Defendants-Appellees. Gerald KLEIN, individually and on behalf of all those similarly situated, Plaintiff-Appellant, v. SOFTWARE SPECTRUM INC.; Judy O. Sims, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

April 2, 1996.


Attorney(s) appearing for the Case

Roger F. Claxton, Robert James Hill, Kilgore & Kilgore, Dallas, TX, Steven J. Toll, Andrew N. Friedman, Cohen, Milstein, Hausfeld & Toll, Washington, DC, Stuart Hubert Savett, Robert P. Frutkin, Savett, Frutkin, Podell & Ryan, Philadelphia, PA, for Lovelace, Newman and Klein.

Morris D. Harrell, Timothy W. Mountz, Cynthia B. Asensio, Locke, Purnell, Rain & Harrell, Dallas, TX, for Software Spectrum, Inc. and Sims.

Before JONES, EMILIO M. GARZA and BENAVIDES, Circuit Judges.


EMILIO M. GARZA, Circuit Judge:

Plaintiffs Rebecca Lovelace, Ira Newman, and Gerald Klein, individually and on behalf of all those similarly situated, appeal the district court's judgment dismissing with prejudice their securities fraud claims against Defendants Software Spectrum, Inc., and Judy Sims. We affirm.

I

Software Spectrum is a publicly traded Texas corporation engaged in the resale of microcomputer business software. Sims is the chief executive...

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