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CAREMARK, INC. v. CORAM HEALTHCARE CORP.

No. 96-1166.

113 F.3d 645 (1997)

CAREMARK, INCORPORATED, a California corporation, and Caremark International Incorporated, a Delaware corporation, Plaintiffs-Appellants, v. CORAM HEALTHCARE CORPORATION, a Delaware corporation, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided April 18, 1997.

Attorney(s) appearing for the Case

Steven L. Bashwiner, Mary Ellen Hennessy (argued), Sheldon T. Zenner, Sean M. Berkowitz, Lisa Noller, Katten, Muchin & Zavis, Chicago, IL, for Plaintiffs-Appellants.

Peter C. John, Thomas L. Duston, Matthew M. Getter, Hedlund & Hanley, Chicago, IL, Michael A. Kahn, Douglas W. Sullivan, Samuel R. Miller (argued), Katherine Livingston, Julie M. Kennedy, Theresa I. McFarland, Folger & Levin, San Francisco, CA, for Defendant-Appellee.

Before CUDAHY, COFFEY and RIPPLE, Circuit Judges.

RIPPLE, Circuit Judge.

Caremark, Incorporated appeals the district court's grant of judgment on the pleadings in favor of Coram Healthcare.1 Because we believe that the complaint adequately states a cause of action for fraud under the securities laws, we reverse the judgment of the district court and remand the case for further proceedings.

I

BACKGROUND

A.

Because this case comes to us from a dismissal...

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