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FINANCIAL SEC. ASSUR., INC. v. STEPHENS, INC.

No. 04-14894.

500 F.3d 1276 (2007)

FINANCIAL SECURITY ASSURANCE, INC., Plaintiff-Appellant, v. STEPHENS, INC., Hayes, James & Associates, Inc., Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

September 18, 2007.

Attorney(s) appearing for the Case

Julie Ann Lierly, William H. Boice, Stephen E. Hudson, Kilpatrick Stockton, LLP, Atlanta, GA, Peter N. Wang, Friedman, Wang & Bleiberg, P.C., New York City, Kimberly J. Shur, Foley & Lardner, LLP, Washington, DC, for Plaintiff-Appellant.

Stacey Godfrey Evans, Thomas S. Richey, Powell Goldstein, LLP, Patrick Michael Phillips, John W. Greenfield, Greenfield, Bost & Kliros, P.C., Atlanta, GA, for Defendants-Appellees.

H. Peter Haveles, Jr., Arnold & Porter, LLP, John M. Vassos, John D. Gordan, III, Jeffrey D. Brooks, Morgan, Lewis & Bockius, LLP, New York City, for Amici Curiae.

Before TJOFLAT and KRAVITCH, Circuit Judges, and LAWSON, District Judge.

ON PETITION FOR REHEARING

PER CURIAM:

Stephens, Inc.'s ("Stephens") petition for panel rehearing is GRANTED. We VACATE our prior opinion in this case, 450 F.3d 1257 (11th Cir.2006), and substitute the following in its place.

I.

The plaintiff, Financial Security Assurance, Inc. ("FSA"), appeals the district court's orders dismissing its Rule 10b-5 claim and granting summary judgment in favor...

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