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BARRIE v. INTERVOICE-BRITE, INC.

No. 03-11064.

397 F.3d 249 (2005)

David BARRIE, On behalf of themselves and all others similarly situated; Jill C. Richling, On behalf of themselves and all others similarly situated; Cary Alan Luskin, On behalf of themselves and all others similarly situated; Debbie Luskin, On behalf of themselves and all others similarly situated, Plaintiffs-Appellants, v. INTERVOICE-BRITE, INC., Daniel D. Hammond; Rob Roy J. Graham; David W. Brandenburg; Gordon H. Givens; Michael J. Polcyn; David A. Berger; Dwain H. Hammond; Harold D. Brown; M. Gregory Smith, Defendants-Appellees. Dominick Capuano, On behalf of himself and all others similarly situated, Plaintiff-Appellant, v. Intervoice-Brite, Inc.; Daniel D. Hammond; Rob-Roy J. Graham; David W. Brandenburg; Gordon H. Givens; Michael J. Polcyn; David A. Berger; Dwain H. Hammond; Harold D. Brown; M. Gregory Smith, Defendants-Appellees. Henry Cashman, On behalf of himself and all others similarly situated, Plaintiff-Appellant, v. Intervoice-Brite, Inc.; Daniel D. Hammond; Rob Roy J. Graham; David W. Brandenburg; Gordon H. Givens; Michael J. Polcyn; David A. Berger; Dwain H Hammond; Harold D. Brown; M. Gregory Smith, Defendants-Appellees. Richard Kearns, On behalf of himself and all others similarly situated, Plaintiff-Appellant, v. Intervoice-Brite, Inc.; Daniel D. Hammond; Rob Roy J. Graham; David W. Brandenburg; Gordon H. Givens; Michael J. Polcyn; David A. Berger; Dwain H. Hammond; Harold D. Brown; M. Gregory Smith, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

January 12, 2005.

Attorney(s) appearing for the Case

Susan K. Alexander (argued), Milberg, Weiss, Bershad, Hynes & Lerach, San Francisco, CA, Roger L. Mandel, Stanley, Mandel & Iola, Dallas, TX, for Plaintiffs-Appellants.

G. Luke Ashley (argued), Timothy R. McCormick, Richard Barrett Phillips, Thompson & Knight, Dallas, TX, for Defendants-Appellees.

Before BENAVIDES, DENNIS and CLEMENT, Circuit Judges.

EDITH BROWN CLEMENT, Circuit Judge:

Plaintiffs appeal from the district court's dismissal, pursuant to Fed.R.Civ.P. 9(b) and the Private Securities Litigation Reform Act, of their securities fraud class action alleging violations of §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 and Securities and Exchange Commission Rule 10b-5. For the reasons that follow, we reverse in part and remand.

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