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KAPPS v. TORCH OFFSHORE, INC.

No. 03-30227.

379 F.3d 207 (2004)

Karl L. KAPPS, Individually and as Trustee; Brian Peterson; Jorge Vargas; Doris Klega; and Helen Foster, Plaintiffs-Appellants, v. TORCH OFFSHORE, INC.; UBS Warburg LLC; CIBC World Markets Corp.; Howard Weil, a Division of Legg Mason Wood Walker, Inc.; Lyle G. Stockstill; Lana J. Hingle Stockstill; Eric N. Smith; William J. Blackwell; Curtis Lemons; John Reynolds; and Ken Wallace, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

July 26, 2004.

Attorney(s) appearing for the Case

Andrew M. Schatz (argued), Schatz & Nobel, Hartford, CT, W. Paul Wilkins, LeBlanc & Waddell, Baton Rouge, LA, for Plaintiffs-Appellants.

David D. Sterling, Rebecca L. Robertson (argued), Matthew J. Lawson, Baker Botts, Houston, TX, for Defendants-Appellees Torch Offshore Inc., Lyle G. and Lana Hingle Stockstill, Eric Smith, William Blackwell, Curtis Lemons, John Reynolds and Ken Wallace.

Thomas K. Potter, III (argued), Amy L. Glovinsky, Jones, Walker, Waechter, Poitevent, Carrere & Denegre, New Orleans, LA, for Defendants-Appellees UBS Warburg LLC, CIBC World Markets Corp., Howard-Weil.

Jacob H. Stillman, Mark Pennington, U.S. Securities & Exchange Com'n, Washington, DC, for Amicus Curiae.

Before GARWOOD, JONES, and STEWART, Circuit Judges.

GARWOOD, Circuit Judge:

Plaintiffs-appellants Karl L. Kapps, individually and as Trustee, Brian K. Peterson, Jorge Vargas, Doris Klega, and Helen Foster appeal the district court's dismissal of their complaint by its grant of the Rule 12(b)(6) motion filed by the defendants-appellees, Torch Offshore, Inc., and certain of its officers and underwriters. We affirm.

Facts and Proceedings Below

Torch Offshore, Inc. (Torch) is a service provider that installs...

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