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RODRÍGUEZ-ORTIZ v. MARGO CARIBE, INC.

No. 06-1765.

490 F.3d 92 (2007)

José Fernando RODRÍGUEZ-ORTIZ, Plaintiff, Appellant, v. MARGO CARIBE, INC.; Michael J. Spector, Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided June 18, 2007.

Attorney(s) appearing for the Case

Celina Romany Siaca, with whom Celina Romany Law Offices, was on brief, for appellant.

Heidi L. Rodríguez, with whom Pietrantoni Mendez & Alvarez LLP, was on brief, for appellees.

Before TORRUELLA, Circuit Judge, SELYA, Senior Circuit Judge, and LYNCH, Circuit Judge.

LYNCH, Circuit Judge.

José Fernando Rodríguez-Ortiz filed a federal securities fraud claim against his former employer Margo Caribe, Inc. and its chief executive officer, Michael J. Spector (collectively, "Margo") over Margo's refusal to allow Rodríguez to exercise certain stock options after he resigned from the company. The district court dismissed the claim for failure to meet the pleading standards of the Private Securities Litigation

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