SCHWARTZ v. CELESTIAL SEASONINGS, INC.

No. 95-1524.

124 F.3d 1246 (1997)

Arthur M. SCHWARTZ, on behalf of himself and all others similarly situated, Plaintiff-Appellant, v. CELESTIAL SEASONINGS, INC., Paine-Webber, Incorporated, Shearson Lehman Brothers, Inc., Mo Siegel, Ronald V. Davis, Philip B. Livingston, Vestar/Celestial Investment Limited Partnership, John D. Howard, James P. Kelley, Arthur J. Nagle, Daniel S. O'Connell, Robert L. Rosner, Barnet M. Feinblum, Defendants-Appellees.

United States Court of Appeals, Tenth Circuit.

September 5, 1997.


Attorney(s) appearing for the Case

Dennis J. Johnson of Law Offices of Dennis J. Johnson, South Burlington, VT (Gerald L. Bader, Jr. and Randolph S. Dement of Bader & Villanueva, P.C., Denver, CO, on the briefs), for Plaintiff-Appellant.

George B. Curtis of Gibson, Dunn & Crutcher, Denver, CO (Thomas M. Piccone and Jessica Lee of Gibson, Dunn & Crutcher, Denver, CO, on the briefs), for Defendants-Appellees PaineWebber, Incorporated and Lehman Brothers, Inc.

Jeffrey B. Rudman of Hale and Dorr, Boston, MA (Peter J. Macdonald and S. Tara Miller of Hale and Dorr, Boston, MA and Fred H. Bartlit, Jr., P.C., Thomas R. Stephens and John S. Phillips of Bartlit, Beck, Herman, Palenchar & Scott, on the brief), for Defendants-Appellees Celestial Seasonings, Inc., Mo Siegel, Ronald V. Davis, Philip B. Livingston, Vestar/Celestial Investment Limited Partnership, John D. Howard, James P. Kelley, Arthur J. Nagle, Daniel S. O'Connell, Robert L. Rosner and Barnet M. Feinblum. [PA]]

Before HENRY, RONEY and MURPHY, Circuit Judges.


MURPHY, Circuit Judge.

Arthur M. Schwartz sued Celestial Seasonings, Inc., and others in the United States District Court for the District of Colorado for violations of securities laws. The district court dismissed the suit for failure to satisfy the particularized pleading requirements of Fed.R.Civ.P. 9(b). Exercising jurisdiction pursuant to 28 U.S.C. § 1291, this court reverses and remands.

I. FACTUAL BACKGROUND

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