Ari PARNES; Deborah Slyne; Corey Emert; Faye Martin Anderson; Edward R. Pepper, on behalf of themselves and all others similarly situated, Appellants,
v.
GATEWAY 2000, INC.; Theodore W. Waitt; Richard D. Snyder; James Cravens; George H. Krauss; Douglas L. Lacey; Norman W. Waitt, Jr., Appellees.
Faye Martin ANDERSON, on behalf of herself and all others similarly situated, Appellant,
v.
GATEWAY 2000, INC.; Theodore W. Waitt; Richard D. Snyder; James Cravens; George H. Krauss; Douglas L. Lacey, Appellees.
United States Court of Appeals, Eighth Circuit.https://leagle.com/images/logo.png
Submitted December 12, 1996.
Decided August 8, 1997.
Attorney(s) appearing for the Case
Reed R. Kathrein, San Francisco, CA, argued (Patrick T. Dougherty, William S. Lerach, Eric A. Isaacson, Randi D. Weinberger, Darren J. Robbins, and C. Benjamin Nutley, on the brief), for Appellants.
David C. Bohan, Chicago, IL, argued (Edwin E. Evans, Jerold S. Solovy and Lawrence S. Schaner, on the brief), for Appellees.
Before McMILLIAN and MAGILL, Circuit Judges, and WEBBER, District Judge.
United States Court of Appeals, Eighth Circuit.
MAGILL, Circuit Judge.
The Plaintiffs are individual investors3 who purchased Gateway 2000, Inc. (Gateway) stock soon after the stock was publicly offered. The stock subsequently decreased in value after Gateway revealed disappointing earnings, and the Plaintiffs brought this securities fraud suit against Gateway and Gateway's corporate officers, directors, and principal shareholders (Defendants).4 The Plaintiffs...
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