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BRODY v. TRANSITIONAL HOSPITALS CORP.

No. 99-15672.

280 F.3d 997 (2002)

Jules BRODY; Joyce T. Crawford, Plaintiffs-Appellants, v. TRANSITIONAL HOSPITALS CORPORATION; Wendy L. Simpson; Richard L. Conte, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed February 7, 2002.

Attorney(s) appearing for the Case

Jeffrey S. Abraham, New York, NY, for the plaintiffs-appellants.

Mark R. McDonald, Morrison & Foerster, Los Angeles, CA, for the defendants-appellees.

Before: HALL, WARDLAW and BERZON, Circuit Judges.

BERZON, Circuit Judge.

In this case we address several securities fraud issues, centering on whether a plaintiff must have traded at about the same time as the insider it alleges violated securities laws. Jules Brody and Joyce T. Crawford brought suit against Transitional Hospital Corporation ("THC" or "the company") and its officers claiming violations of the Securities and Exchange Act of 1934 ("Exchange Act") and state law because the defendants both traded in...

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