LAW v. MEDCO RESEARCH, INC.

Nos. 96-2344, 96-2345.

113 F.3d 781 (1997)

Mark LAW, et al., on behalf of themselves and all others similarly situated, Plaintiffs-Appellants, v. MEDCO RESEARCH, INC., et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided May 15, 1997.

Rehearing and Suggestion for Rehearing Denied June 19, 1997.


Attorney(s) appearing for the Case

Aram A. Hartunian (argued), Hartunian & Associates, Chicago, IL, Lawrence A. Sucharow, Diane Zilka, Goodkind, Labaton, Rudoff & Sucharow, New York City, James V. Bashian, New York City, John F. Innelli, Inelli & Molder, Philadelphia, PA, for Mark Law and Marlene E. Calvert in No. 96-2344.

Robert C. Micheletto, Jayant W. Tambe, Jones, Day, Reavis & Pogue, Chicago, IL, Joseph Patrick Daly (argued), Chicago, IL, Douglas Gross, Richard G. Klein, Scott R. Kipnis, Hofheimer, Gartlir & Gross, New York City, for Medco Research, Incorporated, Archie W. Prestayko and Donald B. Siegel in Nos. 96-2344 and 96-2345.

James R. Daly, Robert C. Micheletto, Jayant W. Tambe, Jones, Day, Reavis & Pogue, Chicago, IL, Joseph Patrick Daly (argued), Chicago, IL, Douglas Gross, Richard G. Klein, Scott R. Kipnis, Hofheimer, Gartlir & Gross, New York City, for Sanford J. Hillsberg in Nos. 96-2344 and 96-2345.

Peter R. Sonderby, Chicago, IL, for Kemper Securities Group, Incorporated and John R. Boettiger in Nos. 96-2344 and 96-2345.

Donna L. McDevitt, Timothy A. Nelsen, Skadden, Arps, Slate, Meagher & Flom (Illinois), Chicago, IL, for Vector Securities International, Incorporated in Nos. 96-2344 and 96-2345.

Aram A. Hartunian (argued), Hartunian & Associates, Chicago, IL, Diane Zilka, Goodkind, Labaton, Rudoff & Sucharow, New York City, John F. Innelli, Innelli & Molder, Philadelphia, PA, for Anthony LaSalle and Alan Totah in No. 96-2345.

Before POSNER, Chief Judge, and ESCHBACH and MANION, Circuit Judges.


Rehearing and Suggestion for Rehearing En Banc Denied June 19, 1997.

POSNER, Chief Judge.

When this securities fraud case was last before us, we held that the district judge had erred when he granted the defendants' motion to dismiss on the ground that it was apparent from the face of the complaint that the suit had been filed after the one-year statute of limitations applicable to suits under the SEC's Rule 10b-5 had run. LaSalle v. Medco Research, Inc...

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