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TSE v. VENTANA MEDICAL SYSTEMS, INC.

Nos. 00-4287, 01-1066.

297 F.3d 210 (2002)

Alex TSE; Margaret Wai Lam Leung; Michelle Leung; Ching-Shuang Shih, Appellants in No. 00-4287 v. VENTANA MEDICAL SYSTEMS, INC., a Delaware Corporation; Jack W. Schuler; John Patience; Marquette Venture Partners L.P.; Marquette Venture Partners II, L.P., an Illinois Limited Partnership; MVP II Affiliates, Fund, L.P. an Illinois Limited Partnership Ventana Medical Systems, Inc.; John Patience; Jack W. Schuler, Appellants in No. 01-1066.

United States Court of Appeals, Third Circuit.

Filed: July 11, 2002.

Attorney(s) appearing for the Case

Nancy J. Sennett (Argued), Foley & Lardner, Milwaukee, WI, Patrick J. Kearney, Foley & Lardner, Washington, D.C., Joel E. Friedlander, Bouchard, Margules & Friedlander, Wilmington, DE, Counsel for Appellants/Cross-Appellees Alex Tse, Margaret Wai Lam Leung, Michelle Leung and Ching-Shuang Shih.

Steven M. Schatz (Argued), David J. Berger, Elizabeth M. Saunders, Steven Guggenheim, Wilson, Sonsini, Goodrich & Rosati, Palo Alto, CA, Jesse A. Finkelstein, Raymond J. DiCamillo, Richards, Layton & Finger, Wilmington, DE, Counsel for Appellees/Cross-Appellants Ventana Medical Systems, Inc.; John Patience; Jack W. Schuler.

Before: BECKER, Chief Judge, McKEE, and BARRY, Circuit Judges.

OPINION OF THE COURT

BECKER, Chief Judge.

The plaintiffs, former shareholders of Biotek Solutions, Inc., ("Biotek"), appeal the District Court's order granting summary judgment for the defendants, Ventana Medical Systems, Inc. ("Ventana"), and Jack Schuler and John Patience, two of Ventana's officers, in this securities action brought pursuant to § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), S.E.C. Rule 10b-5, 17 C.F.R. &...

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