LIEBERMAN v. CAMBRIDGE PARTNERS, L.L.C.

Nos. 04-3079, 04-3869.

432 F.3d 482 (2005)

Irvin S. LIEBERMAN, and all others similarly situated, Appellant v. CAMBRIDGE PARTNERS, L.L.C.; J.B. Hanauer & Co. L-3 Communications Corp. Appellant v. Wayne Clevenger, Larry Colangelo, John Fleury, Edward Gorman, Midmark Capital, L.P., Midmark Associates, Inc., Milan Resanovich, Joseph Robinson and Paul Tischler.

United States Court of Appeals, Third Circuit.

December 27, 2005.


Attorney(s) appearing for the Case

John F. Innelli, (Argued), Innelli Robertson, Philadelphia, PA, for Appellant Irvin S. Lieberman, and all others similarly situated.

Matthew J. Siembieda, (Argued), Carl M. Buchholz, Timothy D. Katsiff, Evan H. Lechtman, Blank Rome LLP, Philadelphia, PA, Mark D. Simon, L-3 Communications Corp., Camden, NJ, for Appellant L-3 Communications Corp.

Lawrence M. Rolnick, Thomas E. Redburn, Jr., (Argued), Lowenstein Sandler, PC, Roseland, NJ, Robert N. Feltoon, Jacquelyn J. Ager, Conrad O'Brien Gellman & Rohn, Philadelphia, PA, for Appellee J.B. Hanauer & Co.

Alexander Kerr, (Argued), Gregory J. Hindy, McCarter & English, LLP, Philadelphia, PA, for Appellees Wayne Clevenger, Larry Colangelo, Joseph Robinson, Midmark Capital, LP, and Midmark Associates, Inc.

John F. Smith, III, Charles L. Becker, Reed Smith LLP, Philadelphia, PA, Mark D. Powers, Matthew H. Charity, Baker & Hostetler LLP, New York, NY, for Appellees John Fleury, Edward Gorman and Paul Tischler.

Lewis D. Prutzman, Ralph A. Siciliano, Tannebaum Helpern Syracuse & Hirschtritt LLP, New York, NY, for Appellee Milan Resanovich.

Before RENDELL, FUENTES, and GARTH, Circuit Judges.


OPINION OF THE COURT

GARTH, Circuit Judge.

In these two cases, which have been consolidated on appeal, plaintiff-appellants Irvin S. Lieberman ("Lieberman")1 and L-3 Communications Corp. ("L-3") instituted federal securities fraud actions after the enactment of Section 804 of the Public Company Accounting Reform and Investor Protection Act of 2002 ("Sarbanes-Oxley").2 That provision extended the applicable...

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